Avid Bioservices Inc (CDMO)

[technicalwin]

Katie I agree with you. PPHM is not obligated to issue the remaining 4 million shares. Melton is there if they need him. It was important to me that the contract was limited to 5 million before the first put used 1 million leaving 4 million. My remark was meant to convey that PPHM is putting themselves in a position where they will no longer need his services for much longer. Just depends on whether they will choose to do a few more puts until they can get a licensing deal or grant in place. They may well issue the remaining 4 million shares at higher prices until they get alternative financing in place. I really don't care. I'm just glad the days of this type of deal are numbered. I reread the comments by Thorpe from his SHM lecture on MOA viral. I think the viral is huge and off the charts and I think it has a good chance of working. There is a lot of data that we have not seen but Thorpe gave us a heads up in October. Question is whether you believe him. I do. IMHO, the man is honest, conservative and believable. Evidently, two prominent virologists agree that it shows great promise or they would not have joined the SAB and they have probably seen the data. Nice recruiting Sherris. Right now everybody is cautious and far be it from me to tell someone they should not be. Wouldn't it be interesting if the viral 3G4 overshadowed good results on Tarvacin. TW