Avid Bioservices Inc (CDMO)

[Rolodog]

I'm expecting a better quarter in December because:

1) Avid appears to be running well and efficiently
2) The NSCLC Phase 11B is over, no more expenses related to that study.
3) Cotara is not advancing till a partner, costs are down
4) IST bare the brunt of those studies.
5)Imaging is a very small group, very cost effective.
6) Besides a few travel events to spread the word and increase in salaries due to new hires, they should have lower expenses in this past quarter.
7) Law suit is over except for a the possible extension of a fruitless battle, unlikely to continue.
8) In-house council to negotiate contracts and possible partnerships.
9) Preparation's for the phase 111 may show up in this next quarter expenses.

That's all for today. I wish all longs many seconds and thirds on the apple pies tomorrow.

Rolodog.