Avid Bioservices Inc (CDMO)

[Hypi]

I'm comparing these other stocks because they are getting much higher valuations then we are and it's really a shame because we our much further along with our platform in the pipeline. KITE, JUNO and MACK are getting valuations based upon their potential while we are getting no incremental value based upon where we are in the cycle.

Who do I blame this on I'm not exactly sure some of it is clearly management but some of it is manipulation by hedge funds and various other Wall Street entities. We clearly have very little credibility with investors and obviously institutions and other Wall Street players.

The problem is we have to dilute our shares at such a low price which hurts the valuation both short-term and long-term. It aggravates me that people on this board say it doesn't matter in the long run. That couldn't be further from the truth as it absolutely does matter in the long run because we have more shares outstanding.

We could get approval and the stock could still not go up because Wall Street will give us a wait-and-see until the actual launch, partnerships and revenue becomes reality. Just look at MNKD for a comparison after approval, partnering and launch. No guarantee approval means a much higher stock price.