Avid Bioservices Inc (CDMO)

[bigdumbandugly]

The DS is a big deal for shareholders, just why did the Plaintiffs attorney accept the change in board based on BAVI approval? Doesn't seem logical if we have a screwed up BOD to wait for an approval that may not happen. Why did the BOD relent and agree to numerous "slap on the wrist" controls to their actions moving forward? Though they are not pleading guilty the settlement will be part of the record going forward. Not a great resume for future board seats.

So the Plaintiffs agree to a condition with no timetable! and the BOD agree to governance restrictions going forward. Clear the deck for something.....just what will it be. Stafford probably has a much better idea than I....follow the $!


nice post and some things to consider there.
but... one cannot only consider from only the "pro" camp.

a) did the plaintiff's attorney put it in there to mollify plaintiff's and to get the thing over with so they could hurry up collect their take?

b) why wouldn't the BOD agree to "slap on the wrist" controls?
no real damage done and the heist can continue as designed.

c) the only inflow money there is to follow is Ronin's. What about following all the money out there that turned up its nose? So, yes, there are a lot of things we don't know (as is ALWAYS the case with the PP'er). Hopefully something good as you suggest. But not good odds and not historically evident.

The money i'm following says 58 cents and holding steady at best.
That is the important figure to retail after all.