Avid Bioservices Inc (CDMO)

[keep_trying]

Geo, you raise some reasonable points here that blend in some of the uncertain situation speculation. I put a segment in bold and underline:

"If they have created value I would like to hear about it. I wish we had a better group then a hedge fund wanting control. However, it appears we do not and I would like our current guys to speak up and tell me why they deserve to still be there and paid top dollars."

I speculate there is a group(s) more than a hedge fund like Ronin wanting control, perhaps Pharma wanting the PPHM technology rights for their own or desiring to see the PPHM tech continue floundering so it does not compete with their products.

Despite the voluminous negative posting to the contrary, PPHM has brought forward news of shareholder value development. They include the ongoing research collaborations, growth of Avid sales to over $50 million annually in about eight years and various study results, including subsets of information showing value from the halted Phase 3 study. Of course, translating this to stock price appreciation requires PPHM sales of product (Avid sales do this), Pharma deals and the like. We also know that it typically takes a dozen years for promising tech to move from concept to commercialization that can mean going it alone or partnering.

Now PPHM has reinforced publicly that it is their intention to be a pure play CDMO with Avid growth their focus, selling PPHM tech rights and partnering with Pharma for commercialization of the PPHM technology. That aligns the current BOD and Ronin objectives in the same realm except for PPHM delivering realized valuation of the PPHM technology that Ronin suggests is worthless.

I am hoping that we hear from PPHM that they accomplished something in this realm such that we don't just find our wait for the annual shareholder meeting was for PPHM to lock down that seventh BOD candidate. If a seventh candidate is all we get to show for the long ASM proxy vote wait, I will be among the disappointed investors and will be looking hard at what the Ronin Board candidates bring to the table.

Best wishes and IMO.
KT