Avid Bioservices Inc (CDMO)

[Frustrated]

Carlton Johnson is the COB for pphm. He is also on the board of Patriotic Scientific which is now a 2 cent penny stock company. What is ironic is here is the justification on the PTSC website for Carlton Johnson:

The Board of Directors concluded that Mr. Johnson should serve as a director in light of the extensive public company finance and corporate governance experience that he has obtained through serving on the boards and audit committees of Peregrine Pharmaceuticals, Inc., Cryoport, Inc., and ECOtality, Inc.

Here is the justification on the pphm website for Carlton Johnson as COB:

The Board of Directors concluded that Mr. Johnson should serve as a director in light of the extensive public company finance experience that he has obtained through serving on the boards and audit committees of Patriot Scientific Corporation, CryoPort, Inc. and Ecotality, Inc.

Do they have the same writing team? If it wasn't so sad it would be funny. Sure doesn't seem independent to me.

PPHM THE COMPANY THAT STATES IT HAS AN INDEPENDENT BOARD YET 75% OF THE COMPANY WHICH INCLUDES ERIC SCWARTZ, DAVID POHL AND CARLTON JOHNSON ALL SERVED ON THE PENNY STOCK COMPANY PTSC AND ALL HAVE TIES TO EACH OTHER. CREDIBILITY IS AN ISSUE. All imo.