Avid Bioservices Inc (CDMO)

[keep_trying]

Jake, my response to your post gets addressed in my follow on posts except for how you point out where PPHM's Board had their flaws pointed out in a letter to shareholders. The flaw that carries the most sway with me is the amount of compensation to BOD members, FWIW. Regardless, bringing in new Board members who will work for half the price or a tenth or whatever compensation does nothing to convince me that Ronin ought to have their appointees take control of the company. Rather, it is what Ronin offers in their business plan. From what I have seen so far, Ronin hasn't presented something that sways me to vote to instill their business plan over the current plan. Conversely, the current PPHM Board has not presented me with anything that indicates PPHM tech value is ready to deliver shareholder value.

If Ronin could help bring the pps back into the $5 1/2 pre-RS range that PPHM was trading at going into that European Conference before the pps collapsed over the holidays with announcement of CSM switching of dosing products to trial participants, that would catch my attention. Of course, Ronin is not in control and a Ronin business plan would need to outline for me how they might go about achieving a pps move within the next year or so. I observe there is nothing of that nature from Ronin to get excited about and the pps run up from Ronin acquiring a position appears to be getting shorted to oblivion. Thanks for what?

Best wishes and IMO.
KT