Avid Bioservices Inc (CDMO)

[pphmtoolong]

Hi Bidrite, as I have owned PPHM shares for many years, I do indeed understand dilution of my ownership. Perhaps foolishly, I have continued to add over the years, so I have somewhat maintained my miniscule ownership percentage.

What I tried to point out is the all important Sunrise results will be in long before any significant dilution will occur from the newly authorizes share. So, for all practical purposes, the add'l shares are of little importance.

If Sunrise succeeds, Peregrine has a chance to make us tons of money. If it fails, you don't want to be holding any PPHM shares, old or just printed.

GLTA, Especially Bavi-Arm Sunrise Patients,

Paul