Avid Bioservices Inc (CDMO)

[Frustrated]

From the article:

One of those profiting insiders was Steve Kriegsman, a Galena director. The scheme worked so well at Galena that Kriegsman, as CEO of CytRx, hired the same group of stock touts to promote his own company.

Their plans worked great until a pesky member of the media (ahem) started poking around. The stock prices of Galena and CytRx tanked and the friendly folks at the Securities and Exchange Commission launched an investigation into Galena (still ongoing.) Ahn was fired. Kriegsman was promoted to Chairman and CEO of CytRx. Unbelievable, except if you remember that CytRx's board is packed with Kriegsman cronies who awarded themselves sweetly priced options last December.


cronies? At least he wasn't talking about the pphm bod.

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.