Replies to post #240952 on Avid Bioservices Inc (CDMO)

[biopharm]

6) The MARKET BLOCK of yesterday (keeping us from moving the National Best Bid to 1.12 and above) was bad luck if not fixed by some party by intend. It forced EVERY seller and shorter to come down below 1.1201$. For sellers not nice, for shorters risk because on the way to FILL short positions they run dry at 1.1151$ because the higher sellers cannot be reached and probably will not come down, certainly not if it are MM's. This might result in overnight open positions and brokers then insisting on lending fees plus the risk of a PR or SEC filing (as actually happened with the EASTERN stuff) and then a Monday open with a GAP-UP.

CP I find it difficult to highlight just one part of that great post.... but above is just one and sense I think its the rest of Big Pharmas that generally do not like what PPHM is slowly becoming, many of their games are backfiring and I like to think of it as reverse engineering. Everything can be reverse engineered to work against what the BP's have been accustomed to doing over the many years.

Some may as well now the BP's can reverse engineer what Peregrine does....but I say no, not when PS Targeting covers all the ways that BP's and immunotherapy will require to operate. Peregrine is running like that well-oiled Machine that can't be stopped as long as she is given the fuel to keep running( as seen lately with $$$ from Dart..)

Finally I think that BP will again not like this because possibly they didn't anticipate PPHM to again get the funding without any encumberment of IP/Pipelines or weakening of their position by terms of loans. It also looks that whatever happens next PPHM has the cash now to run SUNRISE without ANY NEW funding. If we combine that with some End of Enrolment PR in the near future (before Year end) then actually the only remaining risk of this trial are the results BUT on those we have a good perspective thanks to the dose switching and related disclosures we would otherwise never have known.

Peregrine will be soon be able to buy her own fuel and not depend on anyone. Dart knows this and wants to also profit as Peregrine will profit big time.

[masshysteria]

Thanks very much CP!

Very helpful and thorough, and especially appreciated is the market knowledge and intricacies you share.

Radar continues to look better and better.

I have one question with regard to the Friday block as I really don't have an understanding of the mechanics of what's involved and what counter-actions one can have against that move.

You described a specific block of shares (400 I think) that were priced in a certain way and prevented anything being traded above $1.12.

Is/was there anything that can be done to defuse the block? If one sacrifices (sells) 400 shares into that ask, do they just replace it with another 400 share block in perpetuation? If a counter attack would involve entering multiple fast 400 share sells to continue to fill, in high frequency, possibly faster than the ask fill rate (if possible) - can that block be broken?

Of course - everything I'm theorizing is from a 'Don't have a clue how these processes really work' perspective, so - help out with a response once you've taken a chuckle ;)

Best,

MH