Avid Bioservices Inc (CDMO)

[CuresForHumanity]

I don't think the shares are needed to finish sunrise. The company burns about 50 m in cash a year and if they held off on selling shares till positive news drives the price up in a few months, they could raise more money with fewer shares from the existing shelf to add enough funding for the expanded trials. Perhaps the 175m is to raise money for beta bodies and I have no problem voting yes next year with positive bavi results. But by voting yes now, I feel that the company has no accountability on selling ATM at bread crumb prices. If they know their funding might be limited, perhaps they will hold off on selling their remaining shares for the upcoming year so cheaply.

I voted yes for number one because shareholders have not recommended specific alternative names for the ballot to the company prior to the proxy creation.

Just some of my rambling thoughts this morn