Avid Bioservices Inc (CDMO)

[TekNuLoof]

In writing this I am trying leave my emotion out of this and express my opinion in a calm rational way. To be short and to the point...

1. Peregrine needs to immediately begin courting suitors for buyout. The buyout could divided into two parts.
a. Bavi for whatever we can get for it. Maybe the equivalent of $2 a share.
b. Sell or spin off Avid for $1.50 - $2 share.
2. Dismantle the current board of directors. Imo, their lack of delivering in terms of share price and positive trial results is clearly detrimental to the ongoing operations and to shareholder value. After all these years at their helm we are in many ways back to zero, with pipeline and have an asset that has value that needs to be made profitable to compensate the longstanding shareholders who have been placing their faith in this management team!

That is all. I think we can get $3-4 bucks for all the pieces if we play our cards quickly and I intelligently.


I am quite open to contrary opinion.

Sad Loofman