Avid Bioservices Inc (CDMO)

[Protector]

cheynew, the answer is very simple.

I'd PREFER by FAR giving them 50Mil over 175Mil (posted that before).

BUT...they are NOT ASKING for 50Mil but for 175Mil. And I have the feeling (as in FEELING) that in case of a SECOND vote they will AGAIN ask for 175Mil and give NO EXTRA information and get ANOTHER NO maybe (unless they secured a YES as posted before).

So we should ask ourselves : WHAT IS THE INTEREST OF PPHM GETTING A NO on PROP #3 because they have set it up for a DOUBLE NO. What can or will they do if they don't get the 175Mil shelf?

Maybe it gives them a reason to breadcrumb some pipeline away to themselves (through off shore companies or ES companies or any other way) under the PRETEXT that it was THAT or problems in further operations.

And shareholders would have NOTHING to say because they voted the NO creating the situation in the first place. PPHM will say: We ask you for the shelf, you voted NO, so now we had to find another way of financing and XYZ was prepared to fund but of course being in financial tied shoes without the shelf we had to concede many things.

By voting NO, IMO, we are setting the scene for a good breadcrumb deal. Always more painful then seeing 175Mil shares ATM over several years while value of PPHM increases anyway due to the high leverage investments they do with the raise cash.

But AGAIN that is my PERSONAL OPINION part of the RISK evaluation i made for myself on this vote. And I ended up to vote YES. Then again i respect all that vote know too because everyone has other priorities and expectations.