Avid Bioservices Inc (CDMO)

[Hypi]

Hate to say I told you so because I'm losing out as well. I've repeatedly over the last month talked about the market being overvalued and a good size correction was on its way. My comments were that speculative plays would be hammered and here we are at that inflection point.

A lot harder getting a good partner deal in a bear market then a bull market. Who has the leverage now when your stock is almost 50% off its recent high? Everyone touting this management team for raising money and having the leverage is now wrong. We could go in a several year bear market and PPHM is at best 2 years away from generating any revenue from Bavi. How many times will we have to dilute to get through another great recession?

All we needed was one partner for one focused area and this stock would be in mid to upper single digits. Instant credibility and more leverage with a bigger player(s). Now we might have to ride out a shit market for a few years. Well I guess all the longs will say "i don't care about the price and don't care about dilution because one day will all be rich." Unbelievable as timing is everything and these guys will have this platform stolen right out from under them, if they aren't careful.