Avid Bioservices Inc (CDMO)

[pphmtoolong]

CSM and CA lawsuits vs. Sunrise. Which is more significant?

The CA has been repeatedly defeated in court. A non-issue. Winning or losing would have little impact on Peregrine.

The CSM is at best worth a few millions dollars and a reputation restorative for Peregrine. At worst it was a waste of few million dollars in legal fees. Of course, for the conspiracy adherents a third party evil BP could be revealed, leading to some huge penalty payment to Peregrine. IMO after two plus years and millions of dollars of legal fees, if there ever was an evil BP, we will never know. Conclusion: the CSM lawsuit was a necessary action by Peregrine, but ultimately will have little effect.

A successful Sunrise trial could lead to series of events making Peregrine worth billions. Sunrise failure would crush the company. Summary, a hugely important trial.

Therefore, no contest. Sunrise is probably the only issue of real importance. Let's keep our eyes on this prize.

GLTA, Paul