Avid Bioservices Inc (CDMO)

[Big On Tarvy]

I believe Mallette is still very much in the PPHM game.

Consider the possibility that, if Mallette is smart enough to figure out Bavi science, he may have been smart enough, or close enough to the Company, to sell his position in mid June and buy it back in mid August.

Mallette is the type of serious investor that does his homework. In mid June he would have (1) seen the $13M financing coming and (2) had a staffer who alerted him to the cheap warrants expiring Aug 8 that were so clearly disclosed in the 10K.

Buying his position in mid March, selling it in mid June and buying it back in mid August would have yielded a quick $250K profit on 500,000 shares and cut his exposure in half when he got back in, or allowed him to almost double up for the same risk.

Don’t assume that smart, nimble funds like Mallette don’t trade the stock short term at the same time they are big believers in the science long term. Mallete is a value-added player for PPHM. The Company would like him to be pleased with his investment.

Mostly IMO