Avid Bioservices Inc (CDMO)

[senrex]

mojo....I repeat my question to KT: "If they've tried and failed (to licence property) tell us -- and then tell us the reason. Is it because BP is trying to box us in -- or is it because the tech is not as good as we have been led to believe? If the former, what's the harm in telling us? If the latter, then we need to be asking a lot MORE questions -- not fewer."

I'll take PPHM at its word that it intends to partner properties. Therefore, I see no need for further dilution. It's time to make it happen. The only way I'd change my mind is if they told us details of what was offered and the reasons why it was left untouched by BP. THAT'S communication that I require as an investor. I realize that some would say that such information would leave PPHM more vulnerable. I disagree. Transparency such as this might very well rally the investors in the company (not to mention that it just might put political pressure on BP by bringing their greed to light: after all, this is not JUST about $ -- but also about saving lives).

Admittedly, most of my point of view is derived from my past experiences with cutting edge technology in a company that was run into the ground by poor management. Sorry, but it's my opinion that it's time to do all that can be done to signal management that patience is not an eternal commodity. It's the only way I know to prevent a type of complacency that some of us -- perhaps many of us -- fear.

Sean