Avid Bioservices Inc (CDMO)

[Wildhorses]

Fire Fox,

Just came from the AGM. Garnick's a rock star. Worked on 17 of the 75 biotech drugs that have been approved so far since the 80's. Ran the Rituxin team. Responded to the FDA's request to get HGH approved in light of a crisis - said he could get it ready in 3 months but got it approved in 3 weeks.

When "Rob" gave a brief talk, all the directors rushed from behind their table to sit in the audience so they could see the slide. Rob said he already owns shares and when asked by another attendee how PPHM would fund the expected new trials, he said that it should be fairly easy, "heck, I'll invest".

Just my opinion, but no longer are we knocking on the fda's door, trying to get a meeting - they call our new friend.

Further info from the meeting.

1. Truc is the real deal too - introduced team PPHM to Rob.
2. The fruit was a little warm.
3. TYP read a nice speech for a DOA proposal. Personally, I was never worried.
4. Southern California weather is pleasant.

Plane ticket was worth every cent just to get the opportunity to speak with Dr. Garnick. I feel much, much better. Lee, Chabner, Garnick - help has arrived. Kudos to Steve for having enough self-esteem and confidence to add these very key pieces.

Regards,

WH