Avid Bioservices Inc (CDMO)

[TampaTradr]

I wonder sometimes (not saying it is a fact) that maybe they have become so clouded that they think that regardless of what happens, they can just go back to the well to prop themselves up again. Despite all the grandiose talk about reducing expenses, no mention (that I recall) has been made of reducing executive salaries, bonus's or perks. If they were truly serious, I would have expected to see that as a token offering by the Directors.

Maybe I'm just short-sided, but it seems to me that announcing reductions (and actually following through) would boost investor confidence and the PPS, quite possibly to the point that they would gain more with the increased value of the shares they own than what they lost in voluntary forfeitures.