Avid Bioservices Inc (CDMO)

[Protector]

Genecloner, if there were ANY such deal, with GSK or any other company or even any deal with a same kind of impact on the pps as such news would have, then MLV would not be sending out PPHM offerings for PPHM preferred shares @3.5$ conversion for 10Milj$ (while we are closing the Series E 3$ conversion for 17.5 milj$ tomorrow).

I hope you can see that in that case, for PPHM to wait until such deal is made public and the pps appreciates, certainly now that their coffers are full of cash and it doesn't matter if they collect the money now or in a month, would make a major difference. Certainly in conversion rate, and actually even more in not needing to make more offerings at all because a deal will bring cash of it's own.

In March 2014 the pps will move. The date of March 15th that you pulled out of your sleeve is in the middle of the week where the March focus of presentations are and after the week where PPHM had its quarterly/CC. Therefore an OBVIOUS date to pick, so obvious that everyone who saw that event list of PPHM didn't even mention a date, just that the week is the top week in March.

By definition, a source that breaches all rules, is as such not reliable. One must be crazy to even put that in a document, which leaves traces.

We did get a document from a source over the weekend..says the ink is dry..PR to be announced. GSK/PPHM deal complete. The source has been reliable.

Furthermore, companies sign contracts in the presences of parties and legal advisor, etc, and they do that in the week. So supposing i would believe you received such document, then the signing in worst case dates from Friday 14th Feb + 4 days means PPHM must announce it today (it is an important material event) to be within the 4 business days rule (because the 14th doesn't count, so 15,16,17,18th=4th day and last opportunity to announce.)

I produced the letter of MLV, with sender names, full id, etc. Maybe you can at least disclose the document, without the sender, to protect your source. In the end you have already disclosed the content anyway.

Your are hard working people. Staff of 6 that works week-ends. You must be investing a lot of money in this 'keeping an eye on PPHM'. And that while you are still 1.5 years from your pension as you posted. I am sure there is an incentive somewhere along the road.