Avid Bioservices Inc (CDMO)

[bfiest]

I think some would be surprised the number of significant shareholders that echo similar thoughts. Obviously this is based on frustration and we have to provide them time to right this ship. We only wish the best for this company and any negative sentiment is rooted in a .40 share price after all these years with all this seemingly significant potential. The lack of communication only fuels this fire. The responsibility for where we are currently -- lies directly on the BOD and managements shoulders. There is no other way to spin it no matter how hard some try. They have outlined and followed a go it alone strategy that has only highlighted their in-capabilities. WS does not trust this group and if they were really focused on success they would remedy this situation asap with a transfer of power that puts Bavi in more capable hands -- however that looks. In my opinion, at the very minimum this group has been grossly naive. Can that change? We all hope so. Bottom line, if they continue this same go it alone strategy, undergoing mishap after mishap, protecting themselves against any outside influences, they are surely not meeting their fiduciary responsibility to their shareholders. I think any reasonable person can agree that this approach, at minimum, must change. Time will tell what choices they make. This ship can be righted with the proper approach. We hope for the best.