Avid Bioservices Inc (CDMO)

[biopharm]

I don't mind the minimum ATM selling.... I mean lets just say 130M shares OS.

If we are going to be the Microsoft of biotech Arena in the future.... 100M or 130M or 150M or 250M shares don't mean much at all once all the splits come down the pipeline.

Lets look at Microsoft now... with a market cap of 240B and OS of 8.4B and current share price of about $30.

At 240B market cap (partnered and longterm 7+ years out)... we would settle in around $1,800 pps

Lets just assume 100B for middle term (partnered and 5-7 years out)... 100B shares / $130M gives us a pps of $ 769

Lets just assume 50B for short term (partnered and 3-5)... 50B shares / $130M gives us a pps of $ 384

Lets just assume 25B for shorter term ( on the initial assumption of multiple approvals / "Breakthru" approval and partnership(s) ) 25B market cap / $130M gives us a pps of $ 192

Lets just assume 12.5B for shorter term ( multiple FDA approvals and partnership(s) ) and market cap of $ 12.5B / $130M gives us a pps of $96

Lets just assume 1-10B for the shortest of terms...getting 1st Bavi phase III approval and no partner initially ---would give market cap of approximately 1B -- 1B / $130M would give us a pps of atleast $7.69

All in my opinion... and if we are heading into the Microsoft of the biotech Arena... this is the direction we will end up so I agree with the assumption that anything from $50-100 is a sell out and I'll sell what I need to sell ... many will sell according to age and mortgages... etc...etc... and if you are able to hold longterm.... you just may walk away or leave your kids/family enough so they don't have to worry about their blood pressure as they watch bio tech stocks fluctuate with the wind.

Enough of my opinions....I think its time for a week or so break of the board... will be back once we have a "new" analyst initiate a buy rating.

See you all then... glta!