Avid Bioservices Inc (CDMO)

[Protector]

Test of character!

Having PPHM on your shelf on days like these is a test of character on its own. Black Monday was one, big compared to this one, and we recovered. We will recover from this one too and much quicker.

However there is something I don't understand. For Sept 24th we had a good reason to go down given the market was placed before a 'total uncertainty".

Now PPHM says, I have 44Milj in cash, I am good for 12 months at least (Avid keeps getting revenue), I am negotiating a partnership and strengthen my position for it (now that says A LOT, just think about what that means), I stop spending on 1st ln NSCLC because its control arm and Bavi arm are insufficiently apart from each other (while they don't comment on tails or why the control arm outperformed historical control arms with the same SOC), and for the rest they say: our trials are OK and we start PIII for 2nd ln NSCLC with milestones in H2/2013 already while the trial wasn't supposed to start before the end of H2/2013!

And what happens? The pps goes down!

Now I am going to hit that same nail again that I, and some others, have been hitting since the beginning! PPHM doesn't know how to communicate.