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bfiest

11/06/22 9:03 PM

#343094 RE: westjtter #343093

We know this upcoming reported quarter is not going to be stellar because of planned machine overhauls. But it is all planned and should be reflected in the quarterly expected numbers. We know the backlog has continued to grow. We know that the expansions are on schedule or possibly even ahead of schedule. There has been no negative news to date. It appears institutional ownership is still above 115% according to Fintel. Yes peculiar but I see it as a positive. We know the market has been brutal for the majority of companies. We know the CDMO market is in great need of further capacity. We also know the CDMO business is very sticky making it highly difficult for companies to change manufacturers. I guess we wait and see how things develop but right now everything seems very positive. If there is a why it has not been divulged publicly. We wait and watch.