Avid Bioservices Inc (CDMO)

[InternetForumUser]

Hostile take-overs and Peregrine Pharmaceuticals? Are you really combining those two things? Management has been selling the company for pennies for the past decade.

Going to be close to 300 Million Outstanding Shares in 2016. In 2012 prior to the P2 Debacle, there was like 50+ Million Shares.

The only hostility that I have seen so far is Peregrine Managements Hostility towards Shareholders and increasing their investment. Call the Poison Pill for what it is.. It is a mechanism for Management to get what they want. The company has been making sure that Management and BOD are "well" insulated for the future.

Incorporating in Delaware
BOD Vote
Poison Pill
BOD Makeup (Good Ole Boy Network)
Option Issuance
No Open Market Purchases
Never Accepting ANYTHING on the PROXY
Not Allowing Shareholders to ask any questions during CC

The list goes on an on..

I am one who believes you indirectly work with or for Peregrine.