Avid Bioservices Inc (CDMO)

[biopharm]

Well a good day overall considering what we have been used to at Peregrine.... and it is difficult to figure out this company sometimes. I just try and look at the positives that we have been ramping up a quality select group of employees being hired and drawn over to Peregrine.

I am going to consider that besides the waiting game for trial results.... that the 3rd party business of Avid will be in focus because if they can get back to 5-8 Million per quarter of earnings then we have can possibly.... possibly get very close to break-even in a quarter.

Additionally.... I'm looking for further Institutional ownership to increase closer to 30%. I know we would all like no ATM money to be used this quarter but unless they are doing well in 3rd party Avid, I think they still need to buff up the cash on hand as well.

We're heading down the right path and for those who would like to continue playing the sell and buy back later when a run up is "suppose" to happen --- good luck!

I'm all in ... and I mean all in at this point ... its do or die : )

Risk what you can is what I am doing.... and hoping for a return that most can only dream about...