Avid Bioservices Inc (CDMO)

[ststephensrevenge]

Their apparent plan is to delay expansion until after the reverse split and kick the dilution machine into overdrive with a mountain of fresh new shares. AVID 3,4 and 5 will only occur at the expense of current shareholders with crushing dilution.

I just don't get the feeling a partner is patiently waiting in the wings to fund said expansion. It is just wishful thinking at this point.

It is just how these guys roll unfortunately. The rancor of many recent posts reflects everyone's past experience with this group. We have seen this trick before unfortunately. Keep everyone calm, hopeful and in their seats that they are doing everything they can to avoid the reverse split..which couldn't be anything further from the truth...while our investment gets unnecessarily crushed as a downstream result early next year.

The sad truth is that the pending shareholder destruction is completely avoidable with competent leadership.

We need a new CEO now.