Avid Bioservices Inc (CDMO)

[tradero]

Agreed! The current BoD is a greedy and incompetent bunch of individuals. Add to this that they are not friendly to shareholders and voila! Ronin has open doors to the Board, once shareholders get organized.

Now my question is: Is Ronin a NPO or a human benefactor? I dont think so.
In their seductive letter they pretend to be fellow suffering shareholders but when they came on board was recently enough not to have endured even a cold.

I keep thinking the effort they are making for some manufacturing facilities is not reasonable. There is got to be something else.
Their comptent about Bavi I find it cynical.
Their plan to bring value selling the IP I find it very telling of what there is behind their real intentions.

In summary:
Am I happy they are in?: YES
Do I trust Ronin?: No, as in principle I dont trust any company and specially those that portray themselves as saviors

My wishfulthinking?: They change the BoD, they bring in new blood, but they are NOT in control of the company