Avid Bioservices Inc (CDMO)

[Habitual]

When our CFO has used the ATM the shares allocated have all been purchased via 'private' transaction. The shares are sold at the market through our MM at 'the days average' price always to an accredited (invited attendee) investor from an investor conference and recorded at the close. As far as information goes, our IR guys are in 'courting' and much more forthwith regarding the company's operation and more willing to share progress of activities. For example- withPeregrine, K&L Gates is on board?doing what? Do you know if they're engaged in M&A activity? Had you come to Peregrine through an investor conference and are considering an investment of$X, chances are either Paul, Jay or Chris in would answer this question. Same with unpublished Class Action knowledge. So even though the ATM allows the MM to 'release to' YOU & I, chances are there're frying bigger fish.