Avid Bioservices Inc (CDMO)

[JCNJ]

As of now, Sept 6, PPHM has not expanded the size of the Board. It only announced an "intention" to increase the size of the Board. For Ronin to respond that they would in turn be allowed to increase their nominees, I am confident that Ronin has the legal expertise and has reviewed the by - laws or case law, and that this is not their first proxy contest. I would further guess that this is PPHM's first proxy contest, for as long as I have been a shareholder.

And if history has taught me anything, e.g. the CSM contract and litigation debacle, IMO, I am not impressed with the PPHM legal team. ALL IMO

so I am placing my chips with Ronin..... ALl in.

I cannot excuse nor justify how this BoD could take those outrageous fees above market, with the ATM churning and decimating us shareholders, in light of PPHM company and stock performance. and not own any stock. I feel used and abused by them. shame on them. ALL IMO

Hoping for a day of reckoning soon.....