Avid Bioservices Inc (CDMO)

[keep_trying]

CP, Impressive exosome pipeline analysis. Thanks for sharing.

Also, thanks for your answer to my questions about preferred and common. The bundling of common with preferred seems to me to behave too much like a fire sale of PPHM shares. Perhaps, I shouldn't use a derogatory term like fire sale, but PPHM would be moving their limited authorized shares to clear them out of inventory to raise funds. The bundling suggests the 8.33 shares of common conversion rate is not enough to entice new preferred share issues. That is the reality when the common is trading under $3 pps, I suppose. The 10.5% dividend doesn't seem to offset the common stock pps difference from $3, at current levels. We need to see the common stock rise above $3 pps where everyone ought to be happy with their PPHM holdings.

Best wishes and IMO.
KT