Avid Bioservices Inc (CDMO)

[JCNJ]

No brainer here, IMO. I am voting my shares in favor of Ronin group. If there is value in Bavi, we need a new group with better connections and acumen to monetize it. The current mgmt team and BOD had way too many years and way too many millions of dollars in compensation thanks to the ATM, and they have failed miserably, from a clinical, share price and market cap perspective. Add the icing on top that they hardly own/purchased any stock, rape the company with outrageous fees and salaries, fail to effectively communicate, and have zero biotech and manufacturing experience, and a BOD history littered with penny stock failures. In my opinion we have a new group with plenty of skin in the game that has a strong resume and track record.

IMO opinion this is one of the most compelling cases of corporate malfeasance imaginable, and one of the easiest cases to vote in favor of Ronin. When you combine the lack of BOD stock ownership, exorbitant fees, massive dilution, and operational, legal and clinical miscues on so many fronts, which has resulted in massive shareholder destruction, it is a no brainer in my opinion to vote for Ronin.

Do your own diligence and vote as you wish. I am one of the truest and longest longs, with no agenda other than creation of shareholder value, and righting the wrongs that have been exacted upon us shareholders.

ALL IMO