Avid Bioservices Inc (CDMO)

[pphmtoolong]

TOG, prior to the Sunrise halting, Peregrine had no reason to worry about the company's future. That is no longer the case. Now they need to take bold, probably painful, action. And, they need to do it yesterday.

I gave them a month or two to figure it out, not that it took us that long.

Now, times up. Cut costs. Starting with the executive staff. The current payroll was suitable for a company soon to launch a commercial product. Not happening. Not for years.

Get serious, Tustin. The gravy train has derailed. Start acting like adults and match your expenses to your Avid revenue, or get a partner capable of taking Bavi to the next stage.

GLTA, Paul