Avid Bioservices Inc (CDMO)

[nh]

Couple more years, guys. Don't be disappointed if you plan to hold. We lost ground with Sunrise and no way to get around that. No plans at this time for more creative financing.

1. Continue to grow Avid, additional opportunities identified.
2. Reduce spending & increase efficiencies
a. Hold chemo trials for now
b. Financially & time efficient studies through MSK, NCCN, UTSW, AZN
c. Methodical planning for a global, comprehensive approach for defining the path forward, involving collaborators and basing that path on data generated from Sunrise + ongoing and future trials/studies.

All this takes time and money. Time estimate? Based on past history and current collaborations - couple of years. Money estimate? Conservation of cash has begun, Avid growth to outpace current needs and help offset future needs.

Good luck everyone. I'm going to take a break for a while. I do not plan to sell any shares, have increased my holdings at this low level. But going to take a break on expectations that there will be no life changing share price events for the next 6 months to 2 years.

One thing I do want to see is whether or not they renew the poison pill. If they don't, that might perk my interest some. Also, if Bavi is found in the control arm. I hope not and don't expect to see it.