Avid Bioservices Inc (CDMO)

[JJ1223]

Amen! Desperately reacting to Ronin out of self-preservation. Such a sad lot!

This is certainly no surprise to see Peregrine exercise the power of the BOD. No matter what happens, they remain in control of the BOD and all decisions for Peregrime moving forward. When all is said and done, they may lose one of their current BOD seats, if The Ronin trio actually makes the ballot. Depending on the Ronin motives, it will force them to adjust their approach to taking control. This latest development may be good for SH's short term. I would expect another move from Ronin soon.