Avid Bioservices Inc (CDMO)

[The Other Guy]

Seven. Truthfully, I don't think we have all the information to make a conclusive decision yet (thus part of the reason for the current stock price) . I have been vocal about SK 's performance on the cc's and at the investors conferences. Having discussion with company officials my impression is he is refraining - for whatever reason. I believe there are forces wanting bavituximab to fail or be weakened (Fargo sabotage). I believe there are traders who play this stock as they play any other emerging biotechs. With the number of trash talkers bashing Peregrine it makes you wonder how big bavi really could be.

Peregrine seems to be on a path of convincing the right people about bavi's capabilities. It's important to raise the level of institutional investment in order to stabilize th e stoçk price. The right partnership or deal would hasten both of the above.

All in all I am cautiously optimistic.