Avid Bioservices Inc (CDMO)

[pphmtoolong]

A very big question. Was Peregrine management prepared for a Sunrise flop? Like us, I'm sure they did not expect it. Unlike us, they should have been prepared if it happened.

Maybe we'll get a good sense of this next week at the CC.

I just hope they don't spend the CC analyzing the heck out of the Sunrise trial. Analysis is well and good, but action to move the company forward in its radically different situation is what I want to hear about.

I don't think I am alarmist. In my assessment Peregrine will be very hard pressed to raise money without dramatic dilution. So, I want to hear how they see a way forward.

Paul