Avid Bioservices Inc (CDMO)

[Protector]

OK, some good arguments, here some possible answers


- The Loan: Yes there is a good non-financial reason to get rid of it right now. The answer is partnering and licensing Cotara/Bavi technology. For that Peregrine can not have it's IP and others blocked as covers for loans. The 6 Milj could be used for that.

- Avid. The production it needs to to for deals we read about this week or for Peregrine itself may need direct cash to buy in whatever they need to role out the product. The 6 Milj could be used for that.

- SK interview saying we are in a position for partnering Q1 2012. The requisites for such partnering depends on FDA meeting outcome. Nothing to partner if FDA rejects plans. The 6 Milj could be needed to sponsor that the coming weeks.

And honestable, I don't believe in a conspiracy but if there would be one I sincerely hope it is the one you described :

the conspiracy is that the "institutions" (if you want to call MLV one) get $400,000 in fees AND below-market price shares.. for doing what, exactly?

because that is one in our advantage, never mind the 400K. Again, I must keep repeating it, cheap option, below-market shares, long call options, short put options are all worthless gifts in a scenario where you are NOT ALSO drive the pps up high.

You do not do a conspiracy for 400K $ !!! And this is a guess based on pure logic, conspires of which we may think they are driven by greed and grab as much as they can knowing they could be caught will not want to go to jail for 400K$ They would be amateur conspires not even worth the name! So as a consequence the "supposed conspiracy by some on this board" MUST be about share price.

And as far as the Revers Slit theory goes think! The procedure by NASDAQ including the extension period takes about two years. If at that moment they would still be below 1$ and never continuously above 1$ for at least 6 weeks (could have been changed to 4 weeks - don't remember) then and only then will they need to reverse split.

Finally a reverse split would narrow liquidity even more and create a REAL shortage of shares in case news is announced and result in exponential rise.