Avid Bioservices Inc (CDMO)

[pphmtoolong]

We cannot afford to care about the Sunrise interim results. We know more than enough about them. We know they resulted in a halt to the trial with catastrophic results to our shares.

Peregrine management needs to show us they have a company with a promising future. IMO they do this first by slashing the burn rate to zero. If they can develop Bavi with internal resources or a solid partnership, our share prices may recover. Anything else will do nothing for us.

GLTA, Paul