Avid Bioservices Inc (CDMO)

[Frustrated]

Yes, mgmt did appear to not know they had to PR the appointment of the COB. The announcement of the new COB was made at the shareholders meeting before the PR was released which means that whoever attended the shareholder meeting had knowledge of material events before it was released. According to shareholders in attendance and the reports from that meeting was that mgmt looked at each other when it was brought to their attention by a shareholder in attendance and that they were told it had to be PR'd. Mgmt allegedly responded that it would be PR'd later. Luckily for mgmt the announcement of Carlton Johnson as COB was not regarded as significant by wall street so mgmt perhaps caught a break in their mistakes. If one is ambitious enough, one could find the old IHUB post which describes what had happened.

PPHM THE COMPANY THAT HAS BEEN LOOKING TO ADD QUALIFIED BOARD MEMBERS SINCE 2010 YET CAN'T FIND A MATCH WITH THE CURRENT CREDENTIALS OF OUR BOD AND THEIR PENNY STOCK PEDIGREE. 75% OF THE BOARD HAS TIES TO PATRIOTIC SCIENTIFIC WHICH NOW TRADES AT 5 PENNIES YET THE COMPANY CLAIMS TO HAVE AN INDEPENDENT BOD.

PPHM THE COMPANY WHOSE CEO IN MARCH 2014 TALKED ABOUT A PARTNERSHIP COMING TO FRUITION IN UPCOMING YEAR. IT IS NOW FEBRUARY 17, 2015, 48 days past the year 2014. CREDIBILITY IS AN ISUUE. ALL IMO.