Avid Bioservices Inc (CDMO)

[entdoc]

CP, nice! You must be a fast typist...and thinker. Last week was one of the worst, psychologically, for me with Peregrine, considering the market reaction to Cotara. The worst since the week of "black Monday". I added a few shares (and not at the lows),and currently am holding my all-time high number of shares, but today's marketplace evauation of Cotara(AND Bavi AND Avid, etc) is a continued source of bafflement. The only possible answer to the "Why" of it is that 1)we are either sadly wrong; or 2) there are forces at play interested in keeping the price low, and in the process burning every small retail buyer who jumps into the pot. Of course I've been advocating the latter for years. The only explanation for the second "conspiracy" theory is that for years there has been a defacto BP owner using PPHM as a defacto low-cost, low priced research and development facility. Obviously there are holes in that theory as well, but the current relative paucity of speculators in the face of all the potentially good news is a source of wonderment.