Avid Bioservices Inc (CDMO)

[BCS Paladin]

That PLACEBO was the current SOC.

We matched it.

We have nothing to sell for at least 4-5 years.

We do not have enough money to go forward on a first class basis.

More low cost mickey mouse Phase I's and Phase II's.

We have a big money problem for R&D going forward.

Dilution won't fix it.

Avid won't fix it.

A partner that TAKES 175 million in shares for a $500,000,000
line of credit is the only fix.

It looks like CALICO may be our last hope.