Avid Bioservices Inc (CDMO)

[realist1]

Let's use a little logic rather than hope.
PPHM management/BoD has been sucking the life out of this company/stock for years, longer than a decade. I think we can all agree they would like to keep this cushy obscenely overpaid free ride they've had going.
So....to do that, they have to defeat Ronin. As Ronin has correctly assessed, shareholders will never vote the status quo in.
So...How does the current team stay in place?
They have to PROVE to shareholders that they can actually create shareholder value and they have a very small window of time to do that.
That means they have to make a value creating deal (if possible) and I certainly do NOT believe it is.
But what have they done?
Layoffs. That's their only card to play? Cut cash burn? Great, I'm all for reduced cash burn and reduced dilution, BUT it demonstrates very clearly that's all they've got. That it turn means there is no interest in Bavi. Why? because if there was real (CASH input) interest in Bavi the current team would jump at it so they could remain in power.

Interested parties? The kind that put millions of cash into the company?
Nope - obviously not or PPHM would sign on the bottom line to keep their positions.

As you said, nothing to see here.....