Avid Bioservices Inc (CDMO)

[stoneroad]

JR, I believe you to be one of the best interpretors of TA that I have ever come accross. The way you called this thing on the way down and way back up has been almost spot on.

I could be dead wrong, but I think we may be in an area at the moment where TA just might not be applicable (and it does scare me that I am saying this). IMHO, PPHM has been so artificially kept in the basement that we are now just catching up. From a fundamental perspective we are grossly undervalued in Market Cap based upon the promise of Bavi and where we currently stand in trials.

I believe that PPHM will continue to run hard until we reach a fair market cap. At that point, I think we will consolidate and TA will again come into play. I also think that a fair MC also positions PPHM from a share price perspective in the event there were to be a buyout or partnership sometime late fall.