Bummer for you!

Alynlam will need Codexis after March 23rd if Amvutta gets approved. Read the article if Alynlam can manufacture Amvutte efficiently it will corner the ATTR-CM space. $11.5 Billion
Coddexis can do that!

https://www.biospace.com/drug-development/alynlams-amvuttra-expected-to-make-three-in-crowded-attr-cm-space

Alnylam isn’t stopping with Amvuttra. The company is developing a third-generation TTR-targeting RNAi therapeutic called nucresiran

ER Ugh!

No partnership, no SP support

Avid was bought out and we all became millionaires lol
I’m sun tanning on my new yacht right now.

What do you think price potential is? In your opinion of course.

We all thought Nick and gang were going to grow the pie and everyone would benefit but in reality Nick and gang only grew the portion of the pie the gang controlled thus squeezing shareholders out of a fair return.
I call them the gang because they are gangsters! Taking from people playing fairly.
Again this experience has opened my eyes the utter sleaze exists in this world and the things they get away with. I hope they can live happily with the money they have taken from good people thinking their wit makes them in titled to unearned fortunes
I hope the best to everyone who went through this little adventure!
Good luck!

Something needs to be done’ getting rid of DEI stuff would be good start

I remember when that was said about Bavi…

Ready to grab your ankles and yell “Thank you sir may I have another?”
Shame on us for risking our hard earned money and expecting a fare return. Only slimy green sleaze balls get a riskless significant return on wall st…

I don’t think Mr Green has a Dic…

I know the area well and the fires are not near Avid.

Equivalent to dealing off the bottom of the deck for the Wall Street crowd. Signaling something I would think. All IMO
The sleaze oozing out in pre and after market:)

Who knows what might happen but I wouldn't put it past Ampersand to portray some kind of problem with merger causing SP to fall then covering the 11.7 million shorted shares and then announcing everything is fine and maybe bumping the offer up .50 or a buck. IMO these characters are a seeding bunch and demonstrated they will do anything to buy a company cheaply by screwing longtime shareholders.
I just can't trust these a..holes. I have sold 75% of my CDMO holdings and deployed it elsewhere. I hold my other 25% for hopefully the $12.50 or whatever.
It's been an interesting ride and has really change my view on small public companies and the sleaze that prays on them.
America used to be work hard build a company and you will make million's
Seems like today it's ok to screw as many people you can on your way to million's.
Mr St Nick you should be utterly ashamed of yourself!!!

They call it scum on the underbelly of Wall Street,
Happy New Year!

“Significant” value to our shareholders ???
Just to himself and VP’s because they got their shares for free
What a jerk!!

Finally got it, No No No

All that money for failed Leadership and failed fiduciary responsibility to shareholders?? Avid BOD leader Joe wrote a book on " The Touchstones of Leadership: Essential Principles for Business Leaders" what a joke!!!

I have not received anything yet

Don't worry all Avid employees are playing with shareholders money not their own, just like Avid Leadership and BOD has been for the last 4 years!!!

So true

Avid BioservicesAvid Bioservices
8,102 followers8,102 followers
1w • 1 week ago

Follow
🎉 Last Friday, the Avid Bioservices team celebrated the season in style with our Casino Night Holiday Party! 🎲

The evening was a fantastic mix of fun, food, and festivities. From enjoying delicious food and beverages to testing our luck at the casino tables, the excitement was nonstop. The live band added an extra spark, creating the perfect backdrop for a night filled with laughter and camaraderie.

Events like these highlight the incredible spirit of our team and the connections that make Avid such a special place to work. Thank you to everyone who joined and made the night unforgettable!

In my opinion, you have to ask yourself. Do money grabbing sleaze balls think in in that much detail?

Hey St. Nick there are some agents from the SEC in the lobby to see you. Do you have time to see them?
Happy belated St. Nicks Day!!!

All in my opinion always.

In my opinion, If I were a company taking over another company at a unfair price to shareholders, I would proceed with caution.

Paul Atkins will be watching...

Before his appointment as commissioner, Atkins assisted financial services firms in improving their compliance with SEC regulations and worked with law enforcement agencies to investigate and rectify situations where investors had been harmed.

My head is spinning reading this law stuff
I re-read it and it is kind of vague... but specifically points out "fail to adopt" in additions to the circumstances(but then states under Under certain circumstances) so you could be right???
https://ir.avidbio.com/node/21041/html#tMCN8
Page 12


Termination of the Merger Agreement
In addition to the circumstances described above, Parent and Avid have certain rights to terminate the Merger Agreement under customary circumstances, including by mutual agreement, the imposition of laws or final and non-appealable court orders that make the Merger illegal or otherwise prohibit the Merger, an uncured failure of any representations and warranties in the Merger Agreement to be true and accurate, an uncured breach of the Merger Agreement by the other party, if the Merger has not been consummated by 11:59 p.m., Eastern Time, on May 6, 2025 (subject to an automatic extension until 11:59 p.m. Eastern Time on November 6, 2025 under certain circumstances), and if Avid stockholders fail to adopt the Merger Agreement at the Special Meeting (or any adjournment or postponement thereof). Under certain circumstances, Avid is required to pay Parent a Company Termination Fee equal to $32,000,000, and Parent is required to pay Avid a Reverse Termination Fee equal to $64,000,000 or a Regulatory Termination Fee equal to $32,000,000. For more information, please see the section of this proxy statement captioned “Proposal 1: The Merger Agreement Proposal—Termination Fee.”

Page A-48
Section 6.1 Termination
(d) by either Parent or the Company, if the Company fails to obtain the Company Required Vote at the Company Stockholder Meeting (or any adjournment or postponement thereof) at which a vote is taken on the Merger;

Company Termination Fee.
(i) If (A) (1) this Agreement is validly terminated pursuant to Section 6.1(c) or Section 6.1(d) or (2) Parent validly terminates this Agreement pursuant to Section 6.1(e) as a result of a breach, failure to perform or inaccuracy by the Company that first occurred following the making of an Acquisition Proposal of the type referenced in the following clause (B), (B) after the date hereof and prior to the date of such termination (except in the case of termination pursuant to Section 6.1(d), in which case at least three (3) business days prior to the Company Stockholder Meeting (or any adjournment or postponement thereof)) a bona fide Acquisition Proposal is publicly disclosed (whether by the Company or a third party), or otherwise publicly made known to the Company Board or the Company Stockholders, and in each case, is not publicly withdrawn at least three (3) business days prior to the earlier of the date of the Company Stockholder Meeting (or any adjournment or postponement thereof) and the date of such termination and (C) within twelve (12) months of such termination, an Acquisition Proposal is consummated or a definitive agreement in respect of an Acquisition Proposal is entered into, then the Company will concurrently with the earlier of (x) the consummation of such Acquisition Proposal or (y) entry into the definitive agreement in respect of such Acquisition Proposal, pay, or cause to be paid, to Parent an amount in cash equal to the Company Termination Fee by wire transfer of immediately available funds to an account or accounts designated in writing by Parent if one has been so designated by Parent. For purposes of this Section 6.3(b)(i), all references to “20%” in the definition of “Acquisition Proposal” will be deemed to be references to “50%.”

No credit line as of Oct 24, 2024 (10Q)
Drop the credit line before the agreement was signed Nov, 6, 2024 Sounds very fishy

During the second quarter of fiscal 2025, the company’s revolving line of credit expired.(Avid has no line of credit)
On October 31, 2024, the company reported cash and cash equivalents of $33.4 million(probably around $30 million now)
If the proxy vote goes against the merger then Avid owes an immediate $32 million in merger termination fee.
This leaves Avid with no working capital basically insolvent. Which I think triggers immediate repayment of $160 million convertibles notes.
Doesn't that leave Avid Bankrupt?

Does anyone know why Avid would let the line of credit expire before shareholder approval of the merger??
Is that why the shorts ( 11,639,121 shares) (IMO GHO and/or Ampersand) have not yet covered their short position?

Wrapped up in a neat little package for GHO and Ampersand

As of 11/29/2024 still 11,639,121 shorts. Crazy?

https://www.nasdaq.com/market-activity/stocks/cdmo/short-interest

Nick should have just posted a picture of himself giving the shareholders a great big middle finger. Saying here’s your financial results suckers.

Last 13g I can find is January 25th 2021 and Eastern Cap owned less than 1%

https://www.sec.gov/Archives/edgar/data/704562/000140840821000006/cdmo_ecl13ga.htm

What happens if they never report? Nothing. I'm sure they're worried that they may get delisted lol
Us pesky little shareholders are on a "need to know" basis and they think we don't need to know.
50/50 chance we never hear a word from Avid ever again in my opinion

On January 12, 2024, a former executive of Avid contacted Mr. Green and offered to set up a meeting between Mr. Green and executives at GHO. The former executive noted that GHO owned certain companies with whom Avid may want to consider exploring potential collaboration opportunities.

IMO here is the creep who orchestrated this whole thing back in 2020 when they brought Mr. Green to Avid.

https://ampersandcapital.com/case-studies/mark-bamforth-the-brammer-bio-story/

https://www.google.com/search?gs_ssp=eJzj4tLP1TcwTspLL8gxYPTizU0sylZISsxNyy8qyQAAdKoI_A&q=mark+bamforth&rlz=1C1CHBF_enUS921US921&oq=mark+bramforth&gs_lcrp=EgZjaHJvbWUqCQgBEC4YDRiABDIGCAAQRRg5MgkIARAuGA0YgAQyBggCEEUYQDIJCAMQABgNGIAEMgkIBBAAGA0YgAQyCAgFEAAYDRgeMggIBhAAGA0YHjIICAcQABgNGB7SAQkxNjUzOWowajeoAgCwAgA&sourceid=chrome&ie=UTF-8

IMO if anyone would do some extensive research on the relationships between Bamforth, Thoma, Sargen, Patrick Wallsh and Mr.Green. Also the origins of the 1.25% convertibles and how Avid got put on the S%P 600 small cap index. I think we may be shocked! just my opinion.

Anyone know how many shares Cannell Capital has?

As of Nov. 15th 9 days after buyout announcement short interest still at 11.7 million shares.

https://fintel.io/ss/us/cdmo

Not many covered on the 38 million shares traded day after announcement

November 27th
On this date short interest will be published for period ending 11/15. We will see if the 13.5 million shorts covered on the day after when 38 million shares traded.
If the 13.5 million are still short we will know that high number shorts were created by the convertible note holders and will be covered by the newly issued shares IMO
Showing this deal is full of sleaze IMO

Derivative Action???
It is clear that the convertible debacle caused financial damages to all shareholders. My question is will Punch, Brock Pond or someone else bring Derivative Action against the BOD of Avid Bioservices to gain discovery of the genesis of the debacle that caused major financial damage to shareholders. I believe gaining the knowledge of the causes will show insight into if breach of fiduciary occurred with leadership or the BOD. If a breach of fiduciary occurred in the convertible debacle then it is easy to argue that this offer is not in the best interest of the shareholders because the BOD and leadership just don't care about their fiduciary duty to the shareholders.

I think that’s AI derived. Tells you how good that works

Now what?

Do you really think we’ll ever hear another word out of Nick? They’ll report the bare minimum on December 15th and all will ride off into the sunset with their somewhere around $53 million made on their RSUs and PSUs then collect salarys and health benefits for a year never to be seen or heard from ever again. IMO

Hope we see more letters like this from other shareholders

It's pretty clear to me and in my opinion that Bamforth and Hancock brought in Green in 2020 to build a company for someone other than the shareholders. Since Bamforth is big into Viral vector I think he somehow involved in Avid's VV build out. Hart and Zeibell stuck around for the big payout.
Nobody has really talked the Federal and State tax credits the acquirer will get and what the value is???
The accumulated deficit total for FY2024 is over $577 million. There has to be some value in that?