Avid Bioservices Inc (CDMO)

[Protector]

CHEVYGUY, Ronin/Stafford is not taking a chance!

He FOR SURE knows or based on Halo's reporting anticipated, that PPHM turn-over would quickly move to 100Mil$.

(100Mil x 6) / 300Mil Market Cap = about 2$ per share value in AVID alone.

He has seen consistency in backlog (now 70Mil$) expansion (Avid II 2x2000L for HALO/ROCHE and Avid III now next to Avid II), he has seen the risk reduction from 1 98% customer (HALO) to 28%, 56% 12% and rest, he saw like us that there is already Avid III business identified before it is even build and he comes from a market/has contact with BP and knows these Avid customers are LOW-RISK customers.

So WITHOUT Avid III and with ZERO more expansion behind what PPHM has projected (and PPHM projections for Avid have been correct or under projected since more then 5 years of Q/CC's now) he is sure that he'll make 2$ per PPHM share easily. He bought below 1$ (average 0.50$ I think).

He doesn't even have to take in account about 500Mil$ tax advantage to write down on, the value of an IP portfolio and related pipelines from currently low-energy item such as Cotara over the PS-Targeting program with Bavituximab, Betabodies, Biomarkers to PS based exosomes in a 100-200Bil$ Cancer diagnostics and follow-up market.

In worst case he is 50% WRONG and he'll still get more then 1$ back.

So tell me, WHERE IS THE CHANCE Ronin/Stafford took by buying 25Mil shares of PPHM in about 8 weeks?

CEO King said, loud and clear: Our PPHM stock is heavily undervalued and Stafford III heard him, did his D&D and jumped in because he knows a CEO doesn't easily say such things in public because if proven wrong it is quite a RISKY statement.