Avid Bioservices Inc (CDMO)

[chenzo11]

"Why did you buy to begin with?"

See my post from last Friday #282677. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127539429 I explain the reasons.

I WAS WRONG

Besides the return of the poor trading pattern, three things came to light in the past week.

1. Dr Hutchins, VP of Precinical Reasearch, has left PPHM for Heat-Biologics. Never a good thing especially if success is right around the corner.

2. Worsley moved to Head of Manufacturing of Sales at Avid. More movement away from Bavi and onto Avid.

3. Finally, upcoming events not posted on PPHM website. No excuse for this except that the BOD does not want anything posted that might raise the SP.

This all came to light the week after I bought. Add to that the return of the 100 share trickle and I realized I made a mistake. I will not be one of those that hang around waiting, hoping, praying something will happen.

If down the road I see a reason, technically, to buy, I will. But I will not hold through the R/S, which I now believe is imminent.

Cheers
Chenzo