Avid Bioservices Inc (CDMO)

[Frustrated]

Yes almost criminal. The mgmt and bod have sucked all that money out, and diluted the longtime shareholders into a 50% loss.

Exactly, all the while collecting bonuses, salaries, and more options and at lower strike prices. In reality they have benefitted with the lower stock prices as they have nothing to lose if the stock price goes down as they just reissue themselves more options at lower prices while collecting their salaries and bonuses and now the stock doesn't even have to go up that much for them to make huge amounts of money. Hell if it doesn't go up they just have to live with collecting about 500K a year in salary, bonuses and stipends plus whatever options they take from shareholders. I bet you don't find too many companies that retain mgmt after losing about 75% of their share price over a 10 year period and I bet there are even fewer that would give their mgmt team a bonus with those results. Can you imagine a professional sports team keeping the same manager and coaches in place after finishing last for 10 straight season and rewarding the manager with bonuses and raises in their contracts? All imo.