Avid Bioservices Inc (CDMO)

[Frustrated]

Institutional ownership dropped from 16.94% t0 16.72% based on partial reporting (final reports for QE9/30/14 due 7/15/14).

Pretty pathetic that after all this time mgmt still can't get any institutional ownership. Then again if mgmt will not even buy at a discount why should anyone pay full price? Thank goodness Roche has those 97 million shares tucked away somewhere You can't make this stuff up.

Two out of five bullets on slide aiming to create shareholder value are complete and stock down to $1.48. No credibility at all. Mgmt can fix it in a heartbeat with a new COB and CEO or just by adding members to the BOD that SK has been looking to do since 2009. Obvious SK was just blowing smoke as always.