Avid Bioservices Inc (CDMO)

[peregr]

CP- you are incorrect that this would be good for shareholders:

"PPHM may close deals with friendly parties (with on the shelf shares - as I posted in the past having a strong shelf is GOOD for contingency and protection against a HOSTILE ATTACK from RONIN is certainly a contingency worthy situation). Those share in the hands of a BP ..."

Now you are back to advocating massive dilution with shelf shares ( if memory serves that is 500m shares possible?) and probably issued at a discount. The only beneficiaries are Tustin Board of Directors.

I would understand open market purchases (as Ronin did) but issuance of more shares is your plan of finance?

Vote Ronin, the only option for true shareholders.