Avid Bioservices Inc (CDMO)

[realist1]

"strategic update"?????
Sounds as lame as the "plan" to avoid another reverse split!
These guys are clueless.
But you do got to hand it to them - they sure know how to screw the shareholders!

Let's see.......3 new BoD means?
Oh nothing! The existing 4 can out vote them on anything and everything.

Hiring more employees - like a president for Avid.
Expenses going up!

Market says?...........Well obviously the market hates it.
In other words, they are keeping up their intact record of destroying shareholder value rather than creating it.

RE "We are working with researchers at some of the leading research institutes in the world and have seen renewed and encouraging interest in the bavituximab program from influential key opinion leaders"

Blah blah blah. They do write some good BS in PR's!
Now for the reality check. How many real actual $DOLLARS$ is anyone willing to put into funding Bavi?
Oh..................nevermind!
As we all know there is a HUGE difference between "talk" which is cheap
and "Money" which never shows up.

Actions NOT words!!
But all PPHM has is a lot of carefully crafted words which only add up to endless dilution, multiple reverse splits, decades of cash incineration, and insiders getting very very well paid for failure!