Avid Bioservices Inc (CDMO)

[keep_trying]

Peregr, I appreciate your sharing that you have a large, long position in PPHM, as do I. Your wanting to replace a 450 pound jockey is a good analogy for explaining where you are coming from.

I consider the rationale behind "sunk costs" and not allowing a predisposition to want to recoup bad money (paper losses) to skew the balanced scrutinizing of current conditions when making a decision for investing new money. Part of the challenge facing long investors comes from recognizing how it is expected that new therapies might typically take fifteen years before their promising products can make it through approval to market. PPHM's current BOD is communicating how they see the proprietary tech is close to delivering shareholder value. This Ronin proposed takeover of PPHM by seeking election of a BOD majority in October has scooped up the PPHM technology value readiness dilemma by placing a clear choice before investors regarding how they want to see the PPHM technology development prioritized. More information directly from Ronin as to their intentions for the tech would be helpful.

Best wishes and IMO.
KT