Avid Bioservices Inc (CDMO)

[senrex]

KT -- many thanks. You are truly one of the more level-headed investors here. I'm rethinking PPHM because of all the failures in the past. Even you admit that PPHM management heralded the "flu" side of things -- only to go silent about it since. It "feels" like pumping on their part. My question: "Why?" -- if they have the goods with Bavi. I've been burned before on "story" investments (technology ahead of its time)that were ruined because of poor management. I thought that PPHM might be different -- after Monday, I'm just not sure anymore.

My anger the past two days is directed toward what I consider the cavalier tone of the Monday CC. This technology -- if I've read Jazz' scientific postings correctly -- is absolutely cutting edge. Qustions like "If the shelf-life of Bavi is so short, why is Avid stockpiling so much -- at the price of not contracting out services to raise the bottom line?" loom large in my mind. Things just aren't adding up -- and some of the private emails telling me to sell and move on never address the substance of things. King was simply NOT communicative Monday: why not? I'm appalled at the lack of fundamental inquisitiveness by people that I respect here. We should not -- after all this time -- be left to the speculations that this board has been reduced to since the CC.

Sorry, but that's my honest opinion.
Sean