Avid Bioservices Inc (CDMO)

[JGal555]

Geo et al - re our potential PPS

Sorry to use a tired old analogy - but we believe it fits very well to our situation - Think hockey stick - we've been moving along the horizontal surface for quite some time - with just a very moderate upslope taking place (for anyone familiar with a hockey stick) - but then it turns up rather dramatically as you all no doubt realize. So where are we? We believe we're FINALLY at the axis - and the move up the stick has begun. But it's a VERY long stick. So short term - assuming Garnick et al are correct about the science (a pretty safe bet) - we move up to valuations much more representative of where Garnick et al believe we should be. And what is that? Lets just say that those holding the October 5 and 7.50 calls will not be disappointed. In fact, they may just be ecstatic well before expiration approaches. So short term - through year end - we believe a 1 to 2 billion cap is achievable. But that only sends us a few inches up the stick. There will still be a very long way to go (PPS wise) over the next several years. And that's when all the "long suffering" longs will finally start to enjoy watching this stock everyday - and of course the "debate" (if you can really call it that) on the board will then become much less contentious - as certain parties will simply disappear - and posters such as CJ will predominate. Heck - maybe even Jazz will return. I hope so.

Have a great day everybody.

Jgal