Avid Bioservices Inc (CDMO)

[jakedogman1]

if they end of doing a R/S and not take advantage of the Russell with probably 20 mil shares of buying power, then mgmt is part of the game being played.

In my opinion and in layman’s terms, the proposed settlement in essence states: There might be foxes in the henhouse but if there were foxes in the henhouse, the foxes won’t admit it and if the foxes did anything illegal, the foxes won’t admit to that as well and the foxes want indemnification for things they say they didn’t do and by the way, the foxes want to remain in the henhouse for the indefinite future and still be paid 278%* of the average BOD pay for similar small cap companies.


* Source FW Cook 2016 Director Compensation Report