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And the failed trials run by the great Garnick?
"The bavi science was good... the management of the IP was terrible"
If true, BP would have known this and bought it on the open market. They are pretty smart and they like to make money.
Don't fall for the silliness again.
I guess now seems like as good a time as any to remind the board of Bavi's history.
It has been around for over 15 years and has not earned one single penny. In fact hundreds of millions of dollars have been spent on it. It has failed multiple trials.
At any time in the past fifteen years any BP could have gathered the loose change from their couch cushions and either bought it or partnered into it. They did not. Ask yourself why. They don't like making money?
Don't get dragged into the silliness that Bavi is going to make you a millionaire. Don't be Charlie Brown. We've all been down this path before. I have no idea what the thrill is of jerking people around with fantasies of a multi-hundred dollar share price for this stock. It's twisted.
AVID is a CDMO. If everything goes 100% right, which it certainly hasn't to date, there is a ceiling of $20-$30 max. Bavi and it's non-existent royalties will never add a penny to that number. It is laughable.
A message relayed.
Good Riddance. I didn't know we were allowed to call other posters "snakes" on this board. Interesting.
Unfortunately that was the prevailing thought 2-3 years ago.
The news you posted has nothing to do with CDMO. As always.
I'm going to have to agree with West on this one. I've seen a lot of businesses receive this money, from restaurants to physicians to very profitable manufactures. Some need it, many don't. Many just banked it and went on with their businesses as best they could. With the extended time to spend it, it's pretty much a layup. The banks who will be looking at the documentation for forgiveness have no interest in holding five year 1% loans. The government was looking to get as much money as they could into the economy and this is one of the tools that they used. 80% of the publicly traded companies that received this money kept it. Most of these likely had other possible sources of capital. This loan would have been looked at as it is over $2m, but with Avid's history of losses I find it highly unlikely they would have had to give any of it back immediately or even repay over the five years at 1%. IMO it was a lost opportunity, but it doesn't really matter at this point, it's done.
BDU was right though, some knew and profited on both sides of this which is never a good thing.
Sorry but this means nothing to CDMO. Good to know that Bavituximab is well tolerated though. I believe that was first established in the 2005-2007 time frame. We've come a long way with this wonder drug.
I saw Dave Chappelle on Comedy Central last night. He didn't mention Bavi or the Duke Paper. Weird.
Crazy stuff. However once everyone finds out how great Bavi is, we will be at $300 per share(after multiple splits) in no time. Never mind that Bavi has been around for twenty years and has never passed a trial that matters. Irrelevant.
Globewriter advising us. Good one.
That's a good question. It would originally go on the balance sheet as debt, some current and some non-current. The question is what happens when it is forgiven. Usually forgiveness of debt is counted as income. This was not supposed to be the case with these loans and ultimate forgiveness. The IRS however came out with some guidance last week that states that expenses paid for with PPP loans that are ultimately forgiven would not be deductible. This would effectively make the loans taxable once they are forgiven. The NOLs with CDMO make this a moot point other than it would eat up $4m of the NOL which some would probably expire before ever being used anyway. Congress I think will fight this IRS position as it was not their original intent. Small businesses with a $50k loan and forgiveness would have to pay $10k in taxes on it plus possibly state taxes. It would be more if they were personal service corporations. Lots still up in the air with this and other new programs. Loans of this size ($4m) will certainly get looked at when it is time to forgive or pay back.
I sold some at $5.10 and $5.38 assuming it's a bump from the Motley Fool article. Will buy back under $5 if it gets there. If not, I still have enough. Probably too much.
Uncalled for. BDU has the right to question how management has handled this issue. I'll believe the problem has been fixed when I see it in the revenues and not before. That's all this management team has earned from me at this point after this debacle.
Well said, thank you.
I do agree with you about current prospects of CDMO, minus any contribution at all from Bavi.
There is no answer to why somebody would pay to have Bavi sabotaged, as well as no proof. Not sure why this charade is not given up. Serves no purpose.
Who paid JB to sabotage the trial and why? How much did they pay her to help break a number of laws and kill patients. This mystery company didn’t have $9m 2 years ago to buy Bavi? Fantasies.
Was it the failed phase 2 trial that was sabotaged or the failed phase 3 trial? Or was it both? Why was it sabotaged again? For whose benefit? Why didn’t the saboteurs buy bavi a couple of years ago and make billions from it? When will it stop?
Good stuff. Thanks.
There are no investigations. That is a fantasy.
Yes, he is truly a godsend. Been spot on forever.
"The guerilla in the room is always the chance for us to get some
green out of the IP Biopharm keeps writing about (you are the champ
when it comes to Bavi)"
Yes, he has been nailing it for years.
Hope it’s a contract. Not looking for a buyout under $20.
I would love to be the king of the world. None of this is going to happen. It’s all fantasy.
Looking forward to an update on Bavi next Monday.
Just kidding. It will rightfully not be mentioned. It has as much to do with the stock price of CDMO as Cotara.
CDMO doesn't own IP. If we still did we would be at about 6 cents right now. Be thankful.
When and how much money do you think this company, CDMO, will collect from Bavi sources in the next ten years? Entirely irrelevant dream/red herring. Zero impact on the share price of CDMO.
Currently in a phase II open trial that will end in 2-3 years. Additional trials, registrational trials if successful. Ten years to approval and those 15% payments. Do you expect CDMO to be around in ten years?
15% of net sales ten years or more or most likely never down the road. Completely irrelevant.
So milestone payments are years away. Now we can stop the Bavi nonsense and get back to CDMO.
Consider me shocked! Was anyone there to inform them that Bavi is a multi billion dollar drug? Are they aware that there are numerous congressional investigations, FBI investigations and CIA investigations into the sabotage and cover up of many of the Bavi failed trials. Did anyone provide them with the list of the hundreds of connection between Bavi and the world of bp? Was jedd wolchoks name mentioned at all? He’s a big BAVI Believer although he’s never mentioned it by name. . Did anyone at all tell them that bp has been colluding for 15 years to keep Bavi down for some reason or that all of the failed trials were really successful? Was there any talk of changing the ticker symbol from CDMO to BAVI? Thanks.
Or, more likely, there is no milestone payment due for this open label phase II.
Didn’t see an “if” in that first paragraph. So we are definitely getting a milestone payment soon. Good to know.
"no wonder the hit piece from zacks..."
Now Zacks is in on it also?
O Lord, when will it end?
"Mgmt has been sent several emails by several folks pointing out the trial start and importance of the IP to company value and the lack of support thereof."
None of the institutional buying in the past year and beyond was due to the IP. It has little to no value. That is why the BOD doesn't speak of it and the analyst don't have questions about it. This company is a CDMO (check the ticker symbol). It will rise and fall on that.
"do another underhanded deal with the rights to the IP?)"
When was the first one?
"when the posters I read give me more info
on AVID than the BOD I worry"
This should worry you. Especially when you consider the accuracy of the information. Bavi is a multi-billion dollar drug. The FBI, Interpol and whoever else are looking into it. The current BOD are a bunch of crooks looking to line their own pockets somehow by keeping the price down.
I encourage everyone to get their information from the BOD when they provide it. Let's not turn this board into a circus again.
Yes that half a billion dollar NOL carryforward is very relevant. It does stay with CDMO. I’d say with the milestone payments and Bavi revenue sharing at 15%, we should burn through that in a few years, right CP?
Good stuff.
This BOD is not responsible for the history of this company. We were lied to and stolen from for years and years. Many here seem to cherish those good old days. I do not. The people currently on the BOD are professionals(not professional criminals as in the past) and they are going to run this company accordingly. I believe that it is there goal to get this CDMO up and running as efficiently as possible and to get the share price as high as possible. That is the job of a real BOD.
This company is not about Bavi. People or institutions that own the large majority of share in this company could not care less about Bavi. They know that we will never make anything from it. They are here for the cdmo turnaround.
The BOD obviously does not see fit to answer to a few people with unrealistic dreams of riches, ten to fifteen years from now, on a failed drug. Dreams that have been and continue to be spurred on by some with questionable motives at best.