Avid Bioservices Inc (CDMO)

[jakedogman1]

would love to see mgmt even try to use the poison pill against Ronin..

if Ronin comes in it will be w/ strong players with experience and credibility...

mgmt already has a DS for breach of fiduciary duty (and the attorneys are aware of Ronin's presence)...

let's see a guy who creates value, owns 17% of a $1.2 bil biotech, was on the BOD and took only $35k in fees (vs CJ's $350k) and built a very strong BOD around him... and is probably worth several hundred mil (xencor holding alone are $170 mil)

even Delaware has limits on bad behavior ...

mgmt did this to themselves and this is long overdue...

do you think shareholders are going to come to the BOD's rescue?

I don't...