Avid Bioservices Inc (CDMO)

[skweze]

There is nothing conceivable that the lawsuits could prevent the company from communicating material information to investors. The Class Action, which should be tossed on 5/5, could in theory hold up progress on financing or a partnership. That is open to debate, but it would not in any case serve as a gag order on IR. In the suit against CSM, the company is the plaintiff, so what is the financial exposure there other than none? It seems there are two possible outcomes, zero award, or some figure more than zero paid to Peregrine. Further, how would the suit against CSM prevent IR from talking about anything that is of material significance? All imo.

Agreed. Using the lawsuits is just an easy way for them to get off the phone or move on to the next email.