Avid Bioservices Inc (CDMO)

[Frustrated]

Bottom line is that it is extremely negative to have to run ATM sales instead of the preferred at these prices. That means mgmt can't convince anybody even with 10.5% interest that the shares are worth more than $1.45. Of course running the ATM at higher prices than the preferred would be ideal and that would be positive. In fact mgmt and Lytle had the opportunity to do that last March when over 35 million shares (yes 35 million) were traded between $2.58 and $3.18. How in the world does Lytle not empty the bank at those prices? Especially considering after that date the great mgmt team gave away another 5% of the company or roughly over 9 million shares via the ATM around the $1.45 stock price. How does Lytle keep his job? Did ES give the order that his friends did not want to purchase shares above $2.50? How else do you explain the ineptitude?

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/HAD 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 MARCH 28, 2015, 87 days past the year 2014. CREDIBILITY IS AN ISUUE. ALL IMO.