Avid Bioservices Inc (CDMO)

[Protector]

Well there for starter two parties of which we know that they had a position BEFORE Sept 2012 and doubled or increased it AFTER Sept 2012.

Both Blackrock and Dart have these positions in the many millions of PPHM shares build up and are at about or over 5% ownership.

Then we have seen how many shares are reserved for BoD/Management/Employees and consultants and which are actually a kind of upcoming common shares on exercise for the options. I think last time we counted the public part of that using EDGAR we were somewhere near to 10Milj for about 7 BoD/management members only.

Of course there is the rest of about 10% (less BlackRock) listed Inst. Inv.

So the above is about 60Mil shares 20% (16% inc. BlackRock + Dart) and 10% (company Bod/Management + 200 employees) = 30% of 200Mil outstanding.

Leaves us with about 140Mil outstanding shares. Near 4500 retail shareholder according last update posted a few weeks ago on this board would need an average position of 31K shares to cover that.

We know from the board that there are several big whales swimming in the PPHM shares pool. We are talking between 500K and 4Milj that I know of FOR SURE. There is one German/Austrian/Swiss cluster with at the time 15 Milj shares, one West. European with about 20 Milj and at least one we know of and tried to contact that is in the US with also about 10Milj shares. That alone is 45Mil shares and we are probably not talking about more then 100 people holding them (or an average of about 500K).

On the other hand there are also small investors but for a stock between 1$ to 2$ a positions of 10K will not be exceptional.

So let's assume that the average position is between 10K and the raw average of 30K. 4500x20K=90Milj shares.

That leaves us with 25 milj shares.

ANSWER TO THE QUESTION:

Besides the above parties, to my regrets, NOBODY has been accumulating.

And really, I wish some big party did as part of some acquisition budget optimisation but not even those 25 milj shares have been accumulated. there are just a number of BIG DETERMINED potions that shelf and dry up the liquidity.

This is NOT exact math because we do not have all the numbers BUT we have at least some valuable information that gives more ground to this theory then the blind statement that someone is accumulating huge postions (we are talking 100Mil and so if I understood most family, Calico, etc posts).