Avid Bioservices Inc (CDMO)

[Big On Tarvy]

Brandon, You are the sharpest knife on this board…

when it comes to understanding how IBs work, the value-added they bring, and the price they demand for escorting a pretty debutante onto the institutional radar screens.

As I see the world, EVERYTHING you said was 100% dead-on correct. I was too lazy to write such a thoughtful and complete analysis of all the trade-offs, costs and benefits facing the Company at this turning point. THANK YOU for laying it all out so clearly.

My only comment is to underscore one remark you made that deserves emphasis:

“If we can come up with the necessary clinical data, a legitimate IB will find the institutional investors, help us negotiate deals, and get the story out with its analysts. The IB’s opportunities for future fees will completely dwarf the short term change that could be made by cashing in the warrants.”

If I could re-write my post 14094, I would add these two sentences and then stop, without going on to speculate as to what the IB deal terms might look like.

My educated guess begins and ends with some dot connecting that leads me to guess an IB relationship will be announced in the coming week/month.

After that, everything is 100% pure speculation on my part. If I have correctly guessed the conditions that may attach to the warrants, or if I am right about the $1.00 price that may be put on an IB purchase of some of our shelf shares,… well then I should move to Las Vegas and make a living pulling slot handles.