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this is a composite of every CEO we've had til now:
https://previews.123rf.com/images/sonsedskaya/sonsedskaya1801/sonsedskaya180100024/94512737-portrait-of-a-pig-in-a-business-suit-on-a-pink-background.jpg
let's hope this guy is different. But c'mon let's all admit it. He's not the high profile free agent we were hoping for. Or even a middlin' one. He's basically another unknown for the most part. This doesn't mean he might not turn out OK - or even good - but he's not a hey look what Avid got front page top of the fold headliner.
Although I do imagine he has a British accent and i won't watch any documentary - especially nature documentaries - without some dude with a British accent narrating. They always sound so truthful, knowledgeable, and trustworthy. So we got that going for us right out of the box.
anyway, it's been DECADES longs have been hoping for a little something like this:
https://www.smartypig.com/
but instead we're getting this:
https://previews.123rf.com/images/lsvslv/lsvslv1801/lsvslv180100018/92848836-roasted-piglet-decorated-with-vegetables-and-ham-on-platter.jpg
(you know, i'd almost trade what's left of my decimated tcln/pphm/cdmo fortune for that. It looks yummy. But it would probably cost more than what i got left).
how i and how the market see the new CEO appointment:
https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/lipstick_on_a_pig.jpg?itok=2l3rMtPH
still a mud-caked sow of a stock until they prove differently.
20 years and counting of opportunities.
Fail x 20.
thanks for your input and reasoning, West.
just a few re-responses:
1) meh. beating a revised downward number of an already low number isn't a "beat" in many people's minds.
2) or, and more probably, he wants to "assume the position" over time. So far only shareholders have been assuming the position.
3) I think it is almost impossible to fail....I think even a group of primates running the show will have by now figured out the business model which is really quite simple...
that may be true but may also be a stretch to give our guys primate level cognitive ability.
Besides, 4 out of 5 babboons surveyed said they'd never stoop to taking a position at such a company as this. The other one said he'd much rather sit around picking lice out of his clan members' hair and gawking at Mandril butt all day. (remember Steve King? That used to be his job).
https://a4.pbase.com/g6/27/613727/2/74389007.b8oR04IQ.jpg
4) oh yes... the upcoming years. The old "two year plan." I remember that was the timeframe many posited when this originally went full cdmo. It's now more like the Five Year Plan. And as brutal as Stalin's.
https://media.gettyimages.com/photos/propaganda-poster-for-the-4th-5year-plan-stalin-20th-ussr-private-picture-id152245289?s=2048x2048
5) addressed above, and yes - as always it's about positive forward guidance that (using familiar verbiage 'round these parts) is as elusive as a greased pig.
well HELLO and GOOD MORNING fellow cdmo masochists !
i trust you too are receiving your morning pleasure?
isn't it grand? Like clockwork really.
what an absolute pig. A swine of the foulest odor. A mud-caked sow of a stock.
for 20 years no one - AND I MEAN NO ONE - here has proven me wrong. In fact quite the opposite. I know it chaffs you but admit it.
AND WHERE HAS THE BEEFY GUY BEEN? you know, the guy that connected us with the infamous and now invisible Stephen White and encouraged the sell out to "new and better leadership?"
Another hit-and-run job?
Get angry at me if you please, but everything about this stock has stunk and has cost long investors untold tens of thousands of dollars if not more since its inception.
IS IT EVEN THERE TO MAKE MONEY? TO BE SUCCESSFUL?
IS THERE MAYBE SOME OTHER REASON FOR ITS EXISTENCE?
Impoverished IRA's want to know.
Sounds like a job for the Globe magazine.
keep em coming, Globie!
there might be some method to your madness. Damm if i know what it is yet - but if nothing else they are a lot more interesting than reading about exactly what day the 1/4ly call will be on or other such forgettable minutia.
to your point - i still wonder if this company was ever supposed to be "successful" in shareholder terms. So much history to go along with current incompetencies have to make you think. Who is actually pulling the strings? calling the shots?
20 years is a long time to be clowning under the big top. Even with different ring leaders. Same invisible hand tying the shoestrings together of these ol boys and none of them seem to mind tripping all over themselves endlessly. Very curious.
https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fs3.amazonaws.com%2Frapgenius%2F5741028-funny-circus-clown-falling-on-the-floor-isolated-on-white.jpg&f=1&nofb=1
But they'll throw out a bone every now and then to placate the cheering masses with incredibly short-term memories.
Anyway, Clobie, what are you doing exactly to flesh this out publicly and legally? I get lost in the maze you're in every so often. Are you just throwing stuff out there or is there actionable teeth behind it?
Back to earnings...are there still posters here who think we have a shot at beating? LOL.
This is not my evaluation mind you (but it could be): https://theenterpriseleader.com/2020/05/31/9-68-million-in-sales-expected-for-avid-bioservices-inc-nasdaqcdmo-this-quarter.html
This is my evaluation:
https://thumbs.dreamstime.com/z/pig-spit-14849642.jpg
stick a fork in it.
We all better be hoping for INCREDIBLY GOOD FORWARD GUIDANCE AND A NICE LITTLE CUSTOMER SURPRISE or else the mud-caked sow of a stock will be poised right here:
https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Ftse4.mm.bing.net%2Fth%3Fid%3DOIP.Orsp5KN7rY-MBGdI0abgRgHaJo%26pid%3DApi&f=1
CDMO as seen shortly after its skyward - but deceptive - open...
https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Ftse1.mm.bing.net%2Fth%3Fid%3DOIP.ZwxHoHSbdzSbuvKFmxEG1QHaEX%26pid%3DApi&f=1
ok, it's one of those rare days. i'll do it.
https://media.istockphoto.com/vectors/pigsuperman-vector-id123826603?k=6&m=123826603&s=612x612&w=0&h=0e1O_tkHIK9-o7KY7203pumKo0MGEU69p2n5hHGjHnE=
why say anything when a picture is worth 1,000 words...
https://thumbs.dreamstime.com/z/pig-spit-14849642.jpg
i wonder who it was that got first dibs on the tender 'rear quarter?'
so many candidates...
for the last three days those Rascally shorts have started their day off with this little tune at the longs' expense:
Of course the quarterly numbers are going to be bad. Why would anyone even need to ask that?
For the life of me I cannot imagine how anyone would have expected anything else!
And yes, the $5.80 +/- a few cents better hold.
There may be a day this mud-caked sow of a stock amounts to something. But yet again today ain’t the day. Oink.
We have sh%* management. Maybe on purpose. My opinion. More on that later. Maybe. Does anyone have an in with one of the current analysts assigned to the pig sty? I do not but do have questions I’d like to propose they ask. Speaking of that, where’s Beefiest been?
Pereg. I think you’re one of the ones that gets it - and figure you’re probably one of the few that doesn’t have me on ignore.
But you should know you have to parse every word of every sentence every company executive in this dirty, lying, pig sty of an industry comes out with, right? Look a little bit deeper into the Halo quote : "No. Both of our CDMOs, we're in regular contact with them, and they're considered essential businesses. They have got the materials, and they are operating without an interruption related to COVID-19."
OK, since I can only post once a day and can’t respond later on to see if you figured it out, I’ll do it again with some hints.
"No. Both of our CDMOs, we're in regular contact with them, and they're considered essential businesses. They have got the materials, and they are operating without an interruption related to COVID-19."
RELATED TO THE COVID19…… RELATED TO THE COVID19….. RELATED TO THE COVID19…
Halo does not want anyone thinking there were any disruptions in their supply chain. That would be bad for their company. So how do they handle this question? Well, I will bet that after many a boardroom powwow they contrived this tricky almost-the-truth-but-not-quite-the-truth statement.
They dodged the embarrassment and the negative ramifications of Avid going down due to equip failure and at least partially disrupting their own supply chain by throwing in the “due to Covid19” qualifier. A big lie underneath disguised as truth via a straw man caveat. How resourceful. And the analyst didn’t follow up. How unsurprising. But again such trickery seems to work on most investors. Analysts too. Ever wonder why? They’re hosing retail.
‘Always be closing’ is the salesman’s motto. ‘Always be hosing’... that’s their motto.
Anyway our own company admitted production went down!!! Correct? Doesn’t anyone remember? It was only a couple months ago fer cryin out loud. Of course operations were interrupted! Avid refused to issue dates of shutdown and restart (assuming it even has -we don’t know) so who knows how much revenue was lost? A lot I’m sure! Oh it’s going to show up this quarter all right. This should never have been in question.
I sometimes wonder if this company – from all the way back in the TCLN days – is not just some sort of toy or vehicle that the pharmaceutical industry uses to advance certain projects of theirs - also making some nice dough on the side shorting it, etc. while insulating themselves from it all as their dirty deeds done dirt cheap here are not directly associated with their own stock. Possibly I’ll expand in some other post some other day.
Right now all I will say about it is: This company couldn’t manufacture doorstops without multiple trip ups. OINK OINK.
https://www.youtube.com/watch?v=Bg2BlPy1I30
that is all.
still tanking,
no, i guess that's not all. i have more.
oink.
it's too bad we've NEVER had decent leadership - EVER.
whoever was disagreeing with me about a new CEO... should reconsider his stance.
oh no.
i just noticed that if you play those two youtube clips in reverse and at .25% speed they appear to be saying: "selllllll bagholderrrrrrs sellllllllll."
How many of you did that? This was NOT the intention!
West, you keep saying you expect good numbers from the 1/4ly. I would like to know how you can think that being Avid wasn't even operational for some part of it - maybe even a major part of it for all we know (of course as is the custom with this company we weren't given an exact timeframe for it but it likely wasn't a day or two).
to me - our only ray of hope is possible positive forward looking sentiment with new customers, etc. Not the #'s from the 1/4ly.
https://theenterpriseleader.com/2020/05/31/9-68-million-in-sales-expected-for-avid-bioservices-inc-nasdaqcdmo-this-quarter.html
We need Globie and his Van Buren Boys to rough up all those conspirators and extract confessions on IP assets theft.
Well the pungent sty dweller lived up to its nickname on Friday. While a small pullback was expected, – 33 cents on a +800 DOW day was not.
From the looks of that pps movement they’ve probably both re-applied for AND re-returned the PPP loan redux once again - this time in a span of just about 48 hours LOL.
If so those snappy insiders and apex due-diligence-doers with unbelievably exceptional foresight would’ve made out pretty well again.
I’m just joshin’ – or least I hope. I doubt even the ghost of Steven King or Paul Lie-tell would pull such a stunt twice. But CDMO does have more than a splash of PPHM dna so you can’t rule it out completely.
IN ANY CASE… we do need this thing to get a-movin’… we can all agree on that.
So at 9:29 EST this morning I would like every retail shareholder on this board to join me in a group effort to let the mud-caked sow know we commons expect it to come a-runnin'.
Meet here at 9:29 AM EST:
no budging the mud-caked sow of a stock today.
https://thumbs.dreamstime.com/z/pig-mud-water-closeup-animal-farm-pen-84408867.jpg
it's wasting a 1,000 point rise in the DOW back-sliding into the muck. Super.
FWIW, i do not see how people here can be looking forward to a good 1/4ly. I think there is NO evidence at all cdmo can possibly post good numbers here. Zero.
Now... guidance could be positive - this is true. But how many times have we gotten good guidance with no follow-through? They really need to sh#@ or get off the pot.
so I don't know what's up with this low volume (mostly) crescendo and decrescendo trading (and yes i know that's what stocks do yada yada) but if history is any guide with this oinker it ain't good.
Some relief at last!
the flea-bitten cur of a stock appears to have been given a dose of some Frontline Plus and thus finally been given refuge from the scratching and the re-opening up its old oozing scabs.
so in what form did this soothing Frontline Plus treatment come?
announcing they're finally up & running?
perhaps they downsized some deadweight?
they're announcing a new client and some actual use for that unused capacity currently deployed as a moonshine still?
could it be any of those easily understood puzzle pieces Globie scatters about that i somehow don't quite get? How would i know?
or maybe they've hired a real CEO?
could be several things - but i hope it isn't just that they re-applied for the free fedbucks manna from heaven.
they wouldn't try that old game again, would they?
well, yes they would... but i hope that's not it.
i don't have the luxury to respond to such replies as that often anymore since i am the one on a one-post-per-day limit. In fact i let the previous jab to this slide. But this one was particularly pompous - so sure, i'll do a reply now.
Btw, all - an important point! Other than pointing out(fairly often to be sure) the blatant pomposity in the post I am replying to – there is no attack at all here. I do not begrudge anyone their pompousness in any way, as it may be a part of their being and thus who they are. I hold that one can have the right to be pompous and wrong sometimes (or a lot) just as one can have the right to try to bring some badly needed humor here and bringing up sometimes overlooked issues - all the while being right 99% of the time. Therefore I think i have the right to occasionally allude to this pompousness, but no other personal attributes in my reply. Fair enough? Thanks, i think so too.
Back to business… My post and my stance while being somewhat about the issue of the PPP loan as it is on its face – is and has been more focused on the irregular trading that swirled around the acceptance and subsequent return of 4.4 rocks while NO COMMONS had knowledge of either event at the time it was all happening. I’ve made that clear.
None of your Avid-approved talking points answers in any definitive way my concerns and any other common shareholder's concerns about the recent "We're Rich! - Haha No We're Not the Joke's on You" carousel trading. Great pompousness does not trump facts and dates - not to mention the sordid past history of this mud-caked sow of a stock - which must also be taken into consideration, don’t you think? Yes, yes you must if you've done any due diligence here.
In addition, nothing in your reply to me addresses the fact that CDMO applied for AND received the $4.4 mil PPP loan BUT DIDN'T REPORT IT TO SHAREHOLDERS UNTIL THREE DAYS LATER while... ahem... 'unusual' trading was popping up all around it.
As far as the ‘front end’ of the loan, please don't try to say shareholders would "certainly" have known Avid would be APPLYING FOR AND ALSO RECEIVING THE LOAN ON THAT PARTICULAR DAY! Because you'd be mistaken. This "forgetfulness" to let the lowly commons in on the news for days allowed insiders who did somehow know to load up. It is a fact. There is no defense for this. Due diligence played no role. We only know when they tell us.
On the ‘back end’ you also have no defense for the fact they returned the loan WITHOUT TELLING SHAREHOLDERS UNTIL THREE DAYS AFTER - CLEARLY ALLOWING THE INSIDERS WHO WERE THE ONLY ONES WITH KNOWLEDGE THAT AVID RECEIVED THE LOAN IN THE 1ST PLACE TO ALSO SCOOT WITH ALL THEIR ILL GOTTEN UP & DOWN ELEVATOR LOOT. Are you going to tell me that NO companies kept the PPP loans they applied for, and were not prepared to challenge any possible probes into the legitimacy of their claim to it? Pul-eeze. Of course there are companies doing just that as we speak! It was a 50/50 bet at best on what Avid would do. In fact, being in the field they are in, they probably had a better chance of skating by keeping it than most! There was precious little risk in attempting to do so! Due diligence? Bah.
The point i made remains: trading occurred around both ends of this for days that shareholders were not privy to. NEVER was there any certainty to anyone of whether they’d keep it or not. Unless, of course, you were an insider and had the skinny.
As an aside, don’t you agree it’s kinda funny how insiders are always on the right side of the trade? Oh yeah…I forgot… it’s solely because of their due diligence. LOLOL.
Continuing on...
oh yeah - shareholders and their own "due diligence" thing... On 5/15 you replied to a post from another shareholder who had also been left in the dark concerning the fact that Avid returned the loan in the days previous. So obviously at that time you did NOT know that they had done so either. Didn't you do your due diligence? It didn’t matter - you didn't know even if you tried. There was NO WAY you or anyone could have known. THINKING they MIGHT return the loan and KNOWING that they ALREADY DID return the loan are two entirely different things altogether. Thinking they might do one implies you’re thinking they might do the other as well. Did you pompously think no other shareholder was wondering if they were possibly considering returning it or not? Or knew about the new PPP guidance? Really? Only yourself and some other really smart guys had the intellect to think of that?
Well yeah, you probably did at that.
BS trading occurred all around this fiasco on BOTH ends - there is no denying that. BOTH. ENDS. It happened. There's no denying it and there’s no excuse for it. Period. No due diligence could have made any of this clear to commons in the timely manner that would’ve been necessary. (though maybe I better go back and check page 51 of some bygone and forgotten financial paper before I make such a pompous claim).
Somebody continues to dump shares with each small tick up.
heretofore known in the Mud-caked Sow Sty as the Smart Money.
But the REAL smart money is the money that invests in this low volume Oinker when peon shareholders have no idea that a $4.4 mil PPP loan was applied for and received - and then cleverly sells when peon shareholders do not know it was being returned a mere 9 days or so later.
You gotta be REAL SMART to do that with such impeccable timing, no? Mmm hmm.
https://images.pexels.com/photos/3943723/pexels-photo-3943723.jpeg?auto=compress&cs=tinysrgb&dpr=1&w=500
P.S. did anyone here put together yesterday's link puzzle pieces?
......What did it reveal?
you haven't heard?
Globie and bio traced all those puzzle pieces back to Fargo and found the culprit.
It was Keyser Soza. (i just knew it all along).
Of course, outraged and being in Fargo they stuck him in a wood chipper and now all evidence is destroyed.
Maybe that's why Globie/bio uses the phrase 'puzzle pieces?' idk.
http://www.jigzone.com/puzzles/E4055D5262CD
‘They’re’ after your shares? LOL.
Oh Lawdy. Not that old canard again.
Dusting that one off and rolling it out there again? After 20 long years ‘they're’ still trying to get all retail's shares of The Mud-caked Sow for themselves???? Those greedy insiders and institutions! Hilarious.
THEY certainly have a LOT of patience and VERY deep wallets to keep snatching up our shares and booking those YOY losses! Decades of YOY losses! LOLOL. My sides.
So whatever happened to ""they're" shaking the tree?" Is that one not ready to be recycled through here again quite yet? Eh, I can wait.
But in honor of those retail who don't let THEM "steal your shares" come on and ride along with THEM on La Grande Oinker's rocket ship to the moon and further destinations - certain to be made manifest at the upcoming CC - here’s this:
https://thumbs.dreamstime.com/b/pigs-fly-9742107.jpg
SO HANG ONTO YOUR SHARES!!! DON’T LET ‘THEM’ GET ‘EM!!!!!! lol.
You'll miss the view!!!
No one's ever gone broke betting against an upcoming PPHM/CDMO CC.
In reality i do not see ANY scenario where they will have ANY chance of posting encouraging results from the past 1/4.
We don't even know when they went back on-line... assuming they did so. No excuse for that. Analysts probably won't even ask for dates - just more softballs and tangential nothingness.
Here's a snapshot of CDMO and a mud-caked sow. See if you can tell the difference:
https://thumbs.dreamstime.com/b/two-pigs-wallow-mud-bath-hot-day-cooling-themselves-off-as-field-summer-32605170.jpg
PS: yep, i agree, Tech0200. Been there done that. And as if you would need anything to jog your memory about this company's treatment of shareholders, just google the Deliverance mountain man scene with Ned Beatty.
How does one cram this many 'subjects' into a couple short paragraphs?
It definitely harkens me back to my school days writing papers when i had to baffle them with BS on those occasions when i had no clue.
Anyway, here's the bodacious list:
IDMC
biomarker analysis
Epiontis & Precision For Medicine
The Board of Regents
UTSWM
Ronin Capital
Jedd Wolchok
PS Targeting
Contract with Oncologie
biomarker analysis
Exosome Diagnostics
exosome technology
Heat Biologics
Jeff Hutchins
PS Targeting
ASCO
IP assets
Ronin Capital
Jason Stafford
Biotechne
Biotechne buys Exosome Diagnostics
OrbiMed
and if all that weren't enough... even Memorial Day weekend.
WOW! All in a napkin-sized missive.
So by Memorial Day Weekend you say? Well, I guess we'll know if you're a supersleuth or a self-medicator by then.
But I hope you're right! (at least i think so, lol). I'm now decoding all the adjectives and adverbs in there as well at the moment so i'm still not 100% certain what you said...
P.S. here's Avid with their CMO Leadership Award (lol, that's a good one) as posted here by someone who's always digging these kinds of things up:
https://study.com/cimages/multimages/16/blueribbonpig1.png
Nary a post about the incredibly underwhelming action swirling around this mud-covered sow like dung flies this morning?
i can hardly believe it. There's just so much to say about this perennial loser.
(perennial means yearly... is there a similar word denoting decades? Ah but i digress).
Here are a few RECENT failures:
Only a mud-caked sow of a stock could have an equipment failure shortly after having nothing but time to have everything running at top-notch, A-One condition. And then not report this or ANY progress or lack thereof of rectifying the situation to its shareholders.
Only a diseased, swine of a stock in the exact industry they are in could continue to fail in every conceivable area during the covid19 atmosphere.
Only a real oinker could turn $4.4 million in federal freebucks into a share price loss over a period of two weeks.
Only a stinky sow of a stock would then also abet very sketchy trading around BOTH ENDS of the balance sheet.
there is something VERY WRONG here. ANYONE without bias can see this and should be able to also call the sow-of-a-stock out onto the muddy carpet about it. Why such sheep-like acceptance here? Am i in the wrong barnyard?
https://merriam-webster.com/assets/mw/images/gallery/gal-wap-slideshow-slide/image1948781152-5089-dd6c5d479c7056739e66fe621caed72b@1x.jpg
A rising tide will lift all boats except for the ones that have a hole in it.
Or those unlucky enough to have the mud-caked sow aboard.
https://lookingglassreview.com/assets/images/Pig_on_the_Titanic.jpg
And... crickets.
Naz up but cdmo down .25 at the moment.
How can this possibly be with such great news from OTHER companies people are posting here that we somehow hope trickles down to this flea-bitten cur of a stock in some way?
Is it possible investors are looking askance at the... ahem... unusual trading that occurred around this stock re: the PPP loan that wasn't?
I wonder if the SEC is interested in companies that yo-yoed in sp while shareholders weren't informed of the "we're rich - oh no we're not" situation ON EITHER END in a timely manner with the acceptance and then consequent return of the ill-gotten manna from government.
I gave Avid too much credit in my previous post as we shareholders were not made aware of the PPP acceptance of 4/20 until 4/23. Even more time for trading shenanigans.
But meh... nice that no one here cares.
I'm beginning to believe only Globewriter/bioharm's well-thought out, twisted, yet perfectly plausible scenarios in some galaxies far far away will move this stock up.
so... none of the lifelong defenders of the realm here have an issue with the trading surrounding the two-step that was just waltzed around us?
The stock skyrocketed beginning on April 20 to the wonderment of us all. The NEXT day they announce they had applied for and received the 4.4 million freebucks from heaven.
So... who on 4/20 was privy to this info before all of us peons and were first ones in the pool? (and also the first out as you will see).
Then, of course, came the second phase of the 'Inside Info Two-Step.'
On Tuesday, May 12 the company returned the 4.4 million freebucks in full. Of course the stock price had begun plummeting since Friday the 8th - again to the wonderment of us all. The reason behind this was obviously that the decision to return the PPP had then been made. On May 15th, only after the carnage was complete - did we get the news that the music stopped and the dance was over.
How convenient.
One could say "well insider trading happens and there's nothing the company can do about it."
B.S.
If those trading on this information were anyone outside of City National Bank (the lender) or the employees within the SBA themselves - it means Avid itself was the one that in some manner leaked the news to certain lucky ones beforehand.
Did this type of trading happen with a majority of the other companies that returned the ill-gotten freebucks as well?
I doubt it. Somehow things like this always seem to swirl around the mud-caked sow of a stock though.
(It appears the colleague of one of the esteemed I-Hump Club members was once again misinformed. 333693. 100% !!! Que Sera Sera.)
https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fi.ytimg.com%2Fvi%2F5J1RSxD6FL0%2Fmaxresdefault.jpg&f=1&nofb=1
What’s next you axe? Well, when this POS is only going down 10 cents a day or so and thus I’m in a good mood since that’s a good day in cdmo land - then I might only see it as a Flea-bitten Cur of a Stock.
I would post a picture of the Avid equivalent of that in the Canine world but those pics are a little sad to be sure. And I am sure the ‘serious investors’ here wouldn’t like it if’n I did.
(I love it… ‘Serious Investors’ , LOL. Those who have for months and years dug DEEP into the financials, management characteristics, burned the midnight oil poring over obscure white papers, investigated all albeit unlikely customer possibilities in the field, and the six degrees of Kevin Bacon of this company - and STILL invested in this Mud-caked-Sow of a Stock anyway. LOL!!! Serious stuff indeed.)
If that’s serious investing I’ll just stay with this ‘Laughing in the Face of Death’ shtick.
We’ve all been had. 20+ years of being had for me. To this point today, anyone who’s purchased this stock with the hopes that it is FINALLY going to set itself straight have just been PT Barnum poster children.
Eh, maybe TODAY's the first day it acts like a successful company, right?
https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fi.ytimg.com%2Fvi%2F5J1RSxD6FL0%2Fmaxresdefault.jpg&f=1&nofb=1
sorry, but in lieu of having to delve deep into page 51 of Last Year's financial papers to figure the company's woes This Year (?)... i still just think this says it all way better and in FAR fewer words:
https://external-content.duckduckgo.com/iu/?u=http%3A%2F%2F1.bp.blogspot.com%2F-761OPEumSDw%2FUQGjW_264_I%2FAAAAAAAABXg%2FLbSKDCyWrnw%2Fs1600%2FPig%2BMud%2BWallow%2Bto%2BMake%2BRomans%2BJealous.jpg&f=1&nofb=1
i admit it was not in-depth information about cdmo, sorry.
but did you take advantage of the information it was before the late day puke?
no? i don't know why not. i and a certain few others have a pretty good track record here.
the truth is almost always a hard sell.
it's funny how in finance, politics, business, and even message boards the biggest misleaders and manipulators of others so often rise to the top.
it's just the human material i guess.
no worries - maybe some of the sages of yore who have since disappeared and had been hyping this stock since even before the two reverse splits will return with more pie-in-the-sky happy talk, in-depth analysis, and important information.
even as they simultaneously fleece you.
IT APPEARS THE MUD-CAKED SOW OF A STOCK IS PREPARING TO PLOP BACK DOWN TO WALLOW IN THE LOWLY SLUDGE.
IT'S WHAT ANY MUD-CAKED SOW OF A STOCK WILL EVENTUALLY DO. IT'S WHERE THEY'RE COMFORTABLE. RISING ABOVE TAKES A COMMITMENT NOT WORTH THEIR EFFORT.
HERE'S OUR HEAD OF NEW CUSTOMER DEVELOPMENT NOW:
https://external-content.duckduckgo.com/iu/?u=http%3A%2F%2F1.bp.blogspot.com%2F-761OPEumSDw%2FUQGjW_264_I%2FAAAAAAAABXg%2FLbSKDCyWrnw%2Fs1600%2FPig%2BMud%2BWallow%2Bto%2BMake%2BRomans%2BJealous.jpg&f=1&nofb=1
https://www.zerohedge.com/health/us-has-limited-ability-manufacture-coronavirus-treatments-vaccines
Officials contacted Avid Bioservices, Inc. in Tustin, Ca. about the possibility of filling that void but were told: "Sorry, no way Jose. We're offline due to an equipment malfunction. You know - kind of like what happened to Janet Jackson during the Super Bowl halftime show. It happens."
OK, i made that part up. But i assume these cdmo guys read this board and i wanted to make sure they know how bad this excuse would sound just in case they were considering using it.
You never know.
WWSKD?
when presented with life's troubling decisions always ask:
what would the Kinger do?
i'm betting they roll the dice.
they'll dream up some justification.
I look forward to the day we do trade in the teens???!!!
you're not advocating for another reverse split again are you?
don't give them any ideas.
(but at least as of now it would only have to be a 1:2 ratio this time).
otherwise i think the only way we see that is the day i will my shares to my grandchildren when they turn 13. Then it would be teens trading.
safe to say we're up and running again now.
but there's more than that behind this move i reckon.
Stephanie wrote me that the issues and/or questions I had - that she did not answer - would be passed on to CDMO mgmnt. I've read here that she has said the same to others with their concerns.
Obviously cdmo mgmnt did not feel we were worth the effort.
Isn't it something that NO ONE HERE even knows for sure that the place is manufacturing product yet again? WHEN did it go back online?
We either get nothing or cryptic hints that can be taken in any of a number of ways - meaning it's not information at all really.
And wouldn't you know the big spike in pps had NOTHING to do with any great accomplishment through CDMO itself but from a charitable gift basically!!! Stupid me for thinking it might've been some positive news having to do with adding new customers or production or something tangible the company actually created.
When news that moves this stock comes out - not thru them but usually thru other channels - it's already too late for us to act on - but obviously not too late for certain connected insiders to take advantage of.
And I'm not so sure it's because they're 'amateurish'. Maybe it is just that. But there are other reasons it could be as well. Sadly to say 'amateurish' is the best of those scenarios if that is the case.
And in any case i am most surprised that they act so much like the previous con men when they know the reason those thieves were thrown out was much for this very same thing they themselves are doing.
I don't care about the extra salary at this point. Bring in a REAL and COMPETENT CEO !!!!!!!!!!!!! THAT is what makes a successful company for shareholders. Anything less is just asking for what we have always got from them.
maybe today, April 22nd, is the day production at the Tustin facility went back on-line. Let's remember the date JFTHOI.
or maybe today bioharm and his legion of aliases got to the bottom of it all.
there are other maybe's as well but those two are the front-runners.
wernaa and tech those may have been the THREE BEST back-to-back-to-back posts in many years on this forum (44,45,46).
Tech, I also think there is FAR more behind Covid19 event than the virus. FAR more. But putting that aside for now...
OK, there is still something obviously not 'right' here and there is nothing this new bunch has done so far that has made them earn my trust. They weren't put in place yesterday - they've had time - they KNOW why they were installed and the old crew removed - but they continue to act the exact same way regardless! I didn't begin not trusting them from day one. I DID start out trusting them to some degree.
It's hard to believe there's not an invisible hand behind it all pulling the strings of these puppets... past and present.
Buried at the bottom of my last post was the reply i emailed SD. I received a response back from her once again as well...
me: Fair enough. I'm not looking for any info that other owners of the company shouldn't deserve.
This being the case then, is the company planning on releasing to all shareholders an update with these important and specific questions answered?
Having to wait until the next CC is asking a bit much of your patient shareholders, IMO.
Please relay our concerns to the proper channels.
Thank you Stephanie.
Stephanie: I will forward your comments to management.
Thank you,
Stephanie
I have a hard time accepting that we still have to basically get down on our knees and beg for ANY kind of transparency at all. And I will bet the entire amount of my savings i've lost on this 'investment' of 20+ years that we never know exactly when it was shut down, exactly why it was shut down, and exactly when they went back online. Not in any timeframe that such info would be useful to know anyway. Maybe several CC's after the fact.
And before you accept the bet, be forewarned you better be able to plunk six figures down on the table.
So many times this tcln/pphm/cdmo screwed us, then supplied new hope and promise, and turned around to screw us again. Yes, i admit i am a sucker. I believed them too, bfiest.
Well, i didn't expect much and got just that.
I emailed Stephnie Diaz today trying to get a straight Yes or No answer to the big question.
This is the gist of the exchange...
me: I would like simple, honest, and straight-forward answer to this question.
1) YES or NO. Has the manufacturing problem been fixed and are we back to producing product as of this writing? Again, YES or NO.
If yes, on what date did we resume manufacturing?
If no, what is the estimated date of restart?
SD reply: Avid is a publicly traded company. We do not provide selective updates to individual investors. Selective disclosure is illegal. While I am not able to provide selective updates, we will be addressing this matter during our upcoming earnings call in June.
so there you have it. Who knows? I'm sorry but i just have this thing inside me that thinks a shareholder has the right to know such simple, basic information concerning the company he's invested quite a bit of time and capital in.
I have ZERO confidence the company will directly state on what date the shutdown occurred and on what date it resumed manufacture. I have equally little confidence any of those analysts will ask anything specific of them either.
fwiw...
The following is the post bfiest responded to that was taken down, minus the question i asked of someone (and i am assuming the reason for deletion) who questioned me but who's post still, remains.
vvvvvvvvvvvvvvvvvv
i think that's the point, bfiest. It should not be left to an individual's own interpretation. Company statements should be made as so not to be misunderstood. There are sometimes reasons people make unclear statements and that reason is always to mislead. Not saying that is definitely the case here but there is a history. Wouldn't you agree?
We have lived through over a decade of ambiguous statements by the last bunch too. Remember how many of the posters here were so quick to demonize anyone that questioned those? ("Bavi performed as expected but we're shutting down the trial"... "In the coming months ______________" (fill in the blank), to name a few. How did those turn out?
Those that had reason to distrust their wishy-washy, not-quite-direct statements were ALWAYS right. Please observe the PPHM/CDMO pps chart over the last 19 years for verification. As yet this current crew cannot be said to be any more forthcoming than the prior crew. So anyone that questions muddy statements like the one they gave have good reason to do so. And again - i'm not saying the statement is right or wrong or true or false - i'm saying as written it COULD be another misleading tactic.
Why say "continues to" in that statement? They HAD NOT been continuing ANYTHING since the mysterious equipment failure, correct? Didn't we shareholders pay dearly for that when that little nugget finally leaked out? So what gives them the right to say "continues to" when the process had been completely shut down?
WHEN was it back up and running if it is?... How long was it down exactly?... Are we such schleps that we neither deserve to know nor deserve the right to ask that and get direct answers?
Again, not aimed at you, bfiest. In fact i thank you for asking the question of them. The logic of your asking why would a new guy like Compton mislead is valid... but on the other hand new guys are usually guided by entrenched ones early on.
P.S. i decided to email a reply:
Fair enough. I'm not looking for any info that other owners of the company shouldn't deserve.
This being the case then, is the company planning on releasing to all shareholders an update with these important and specific questions answered?
Having to wait until the next CC is asking a bit much of your patient shareholders, IMO.
Please relay our concerns to the proper channels.
Thank you Stephanie.
i have to agree, Woopas. When you parse that statement it's just another 1/2 answer like their answers almost always seem to be. It doesn't satisfactorily put the question to rest.
"All of Avid's development, manufacturing, and quality operations are continuing as scheduled without interruption and in compliance with local, state, and federal guidance."
This does not necessarily mean they have 'addressed the issue' or 'did not have any major issues getting the problem fixed and having the machine back up in operation.'
To say they are "continuing as scheduled without interruption" almost makes it sound like they were never stopped in the first place! And we all know better than that.
For all we know this just means they're still working on fixing the problem according to the repair schedule they set for themselves (in accordance with yada yada yada).'
Followed up with the diversionary covid19 plaudits.
Now, i agree it makes it SOUND as if they are up and running, but i don't think you can take this statement as is and make any guarantees that it is.
Not a knock at you bfiest, i am just tired of the non-answers (as ee cummings would call them) that always come from Stephanie and/or the company themselves.
Say what you mean and mean what you say!!!!
What's so hard about that?
Isn't that one of the big problems you had with the previous management? What's changed?
Lawdy, Lawdy. TWO green days in a row! Mine eyes have seen the Glorae!!!
Those two new Senior Directors of Business Development must have really hit the ground running. They must've seen Mary Boyd's tracks and headed off in the other direction.
Mary Forrest Gumped on us pretty early on. Maybe at the first turn. Just stopped and went back home. Maybe all that loot was weighing her down.
at what point does maintaining a "destroyer of the company" just to save salary completely and unequivocally negate the supposed benefit of doing so?
Paying an incompetent even 5 bucks an hour to be CEO does not trump paying a great one millions.
If this were the case good CEO's wouldn't be commanding the crazy salaries and packages they get.
We need leadership, accountability, and results. We have not had a whiff of any of these things in a LONG LONG time.