Avid Bioservices Inc (CDMO)

[eb0783]

I peaked at over 100,000 shares (0.3% of CDMO at that time), all in a number of family accounts, but slowly peeled over 80% of that off last year between $17 and $26. CDMO is now my 2nd largest holding behind HGEN. ALL my companies except CDMO are now in the red…. So I’m not real happy but that goes with owning biotech, which is the large majority of mine. There are many times when you just sit and wait for a number of years

That being said, I can see that you are much more diversified than I am…..much wiser. I still invest like a 30 year old….not much diversity and going for home runs instead of singles. That probably is not good for an over-70 year old.

On the other hand, I try to attend the ASMs of my largest holdings to “look into their eyes,” watch body language, listen to sidebars, and often take tours of their facilities. I got to tour CDMO facilities (Myford) in 2015 (before Myford was certified), 2016, 2017, 2018, and 2019 (new PD lab). ). Also, I obviously listen to any webcast, look at every presentation, and read all the research on my companies that you and the others bring to the boards. Thank you ALL very much! That all keeps me very close to my investments. So, I get to feel comfortable with my long waits for profit. I know you do the same thing.