Avid Bioservices Inc (CDMO)

[Protector]

This is where you bring in an assumption that is at the basis of the difference in opinion:

If the alleged private email from IR set forth a "weeks not months" time frame for the following statement - "Peregrine intends to communicate further as soon as it is able to determine the impact of this issue" - and the follow up communication has indeed been made, then what, precisely, is the impact?

They NEVER (well as far as what was in those e-mails that were posted on the board) related the "weeks not months" to the PR's "as soon as it is able to determine the impact" nor did they position it as the follow-up about the impact in those e-mail.

They said they would communicate and as i, but that is just me, understood it to give further overall information not the details of the impact - because for that they would need to be able to quantify "as it is able to determine the impact". It is VERY UNLIKELY that they could at THAT TIME put a time estimates in weeks or mounts on that activity!

They still have to communicate about the impact and i suspect them to not do it as long as the CSM case is a) not settled yet or b) served if no settlement could be reached.

They would be square idiots at Peregrine if they communicated the outcome of the impact before that as it will be a direct parameter for possible claimed damages.