Avid Bioservices Inc (CDMO)

[pphmtoolong]

Share price sucks. The number of shares traded in PPHM is so tiny we probably shouldn't let it bother us. Of course it does bother us, because we have zillions of shares and every penny down represents hundreds/thousands of dollars.

The only consolation I see is that the few shares traded each day represent the sentiment of those who do not know or care much about Peregrine IMO. They just trade the price moves. If this is correct, real news will generate the movement of millions or tens of millions of shares. If the real news is positive, as we hope, the share price will leave these levels very quickly. I like to think this real positive news is a few weeks/months away.

If we don't get Sunrise news, because the Bavi-arm patients are living longer, it will be well worth the wait for them and us.

Paul