Avid Bioservices Inc (CDMO)

[geocappy1]

Thanks CP. sounds like we got nothing now and nothing definite going forward. They may want to partner but if BP wants to snuff them out, it now appears they have the ability. The pps is being held down and they have no ability to stop the reverse split unless they can get a partner. Since they have not been able to get a paying partner in the past I do not hold out a lot of hope.

My guess is they try for the next year or two to max Avid revenues and keep diluting to try to get something else that makes them money on the R&D side. They will keep going with or without a partner diluting us as needed because in the end there is little risk for them. It is not there money.