Avid Bioservices Inc (CDMO)

[pphmtoolong]

Undervalued? If so, this should provide some comfort to shareholders, because the downside should be limited. OK, not very comforting.

So, the question for Steve King is: What can you do about it?

The simple answer is keep doing the things that make Peregrine valuable. Or, keep pushing Avid. Push Avid even harder.

Another thing King could do is be more open about Avid. If earnings of the first half came in over projections(I believe they did exceed the high end $55 million / 2 = 27.5), tell us why. If the year's revenue estimate is too low, give us a new one. If the second half earnings will be less than the first half, tell us why.

Come on King. If you don't think the market gives Peregrine an accurate value, maybe you need to tell our story better.

GLTA, Paul