Avid Bioservices Inc (CDMO)

[pphmtoolong]

Avid is today. Bavi is tomorrow, maybe. Hard as it is to change perspective, I think Peregrine management and we need to focus on expanding Avid.

Avid is profitable. Avid is growing rapidly. With the hold on development expenses, Avid profits may move Peregrine into the black. How do you think the share price would move? How much easier would it be to raise money for Bavi development?

If Peregrine management wants to continue fundig Bavi development without ruinous dilution and round after round of reverse splits, they need to get a generous partner(good luck with that) or generate enough Avid profits.

So, I don't care if Garnick is an employee or grand wizard of the KKK. I don't care why the control arms over perform. I care if Peregrine can expand Avid revenues to 100 million annually. Then, Peregrine can afford to pursue whatever drug development they like.

GLTA, Paul