Avid Bioservices Inc (CDMO)

[Frustrated]

The Fargo sabotage was a huge blow from which all shareholders suffered. But the way management recovered the results and achieved both FDA Phase III approval and Fast Track designation was very commendable.

First of all unless there is a PR or any formal document that states there was sabotage than it is just your opinion as there has yet to be any resolution of the botched/and or tainted trial. Secondly it is great that mgmt was able to recover some of the data but the fact remains that the botched trial was done under their watch and the reconstituted data is not as good as originally reported and is evidence by the fact the share price is at $1.50 compared to over $5 before the "personal family" crisis to remove itself from the conference. To commend mgmt for recovering tainted data done under their watch while also getting payed handsomely in order to recover that data under their watch is a little stretch imo.

The one thing we do agree is that all shareholders did suffer. Unfortunately mgmt did not suffer as much and actually they now own more shares, options etc.. at a lower price at no cost to them. All imo.