Avid Bioservices Inc (CDMO)

[Hypi]

It really is incredible because the entire process of FDA approval, got to market and then monetization is a nightmare for a small biotech. You need a partner and they promised us one over 2 years ago.

You give up a percentage of the company and FDA approval, go to market and monetization becomes a much easier task. This management team is using the company as their own personal piggy bank as they go about the entire process at a snails pace while diluting shareholder value.