Avid Bioservices Inc (CDMO)

[ststephensrevenge]

Geo...we are basically on the same side.

Here is what I would like to see a majority "no" vote accomplish..

"They" would quickly come to the realization that the shareholders in fact "own" the company....that awarding themselves endless options with a 12 year stock chart to show for their accomplishments is just plain sick. Like Frustrated mentioned a while back, these guys would have been shown the door years and years ago in a "normal" public company. Maybe I am wrong here...but wouldn't a majority no vote show them that we would potentially consider a buyout in the event they drag their feet in making something happen on the partnership front and having this market cap reflective of where we should be....MD is in the ballpark.

We currently have only 1 trial going on that really "matters" right now and that is a disgrace....

I believe that this team has most likely passed up partnership offers a half decade ago that would make shareholders furious now if they could see how that various programs "would" have progressed had the signed a run of the mill partnership.


This company has basically been run like a private country club for the past countless years by these self serving arrogant clowns.

The game is in fact rigged and slimy. That is why the preferred route was to partner way back....the damage of lost opportunity cost and endless dilution was poor decision making if they were really looking out for shareholders and patients.

King decided to go swimming with the sharks with a gaping cut and got his leg bit off in the Phase 2 trial...thankfully he was able to get it surgically reconnected and limp forward...the cost of that decision...3 years of more lost time.

They have been,in my opinion, extremely poor stewards with company resources. I have been here almost as long as you and have a memory like an elephant...(bad news for the rah-rah brigade/family members/friends of management that post here constantly with what I believe is misleading "fluff" for the new unsuspecting investor(s).

I believe a majority no vote may just slap them back into line for the first time and they would finally be forced to not treat the shareholders with such disdain. These folks simply suck at their jobs as the share prices of the various other companies they mismanage reflect.

They have been in their positions without fearing any consequences thinking that the shareholders would continue to go blindly along without demanding accountability and "results" that would be reflective in the share price.

Track records do matter.

We need folks on the (bod) with a track record of making better business decisions.

Sometimes, voting NO is all about sending a message.

All IMHO