Avid Bioservices Inc (CDMO)

[CHEVYGUY]

How about these gems?


The Chairman of the Board, Carlton Johnson, Jr. has served on the board since 1999 and as Chairman for the last 7 years, where over the past 18 years, he has garnered $2.2M in cash compensation alone. Chairman Johnson was chair of 1 company that went bankrupt and the other company of which he serves as the Chairman trades at a penny a share on the OTC - Patriot Scientific Corporation (OTCPK: OTCPK:PTSC), which has no revenue and essentially no cash. Johnson was also a board member of ECOtality Inc. (OTCMKTS:ECTYQ) until 2012 and the company faced a securities lawsuit for the class period of April 16, 2013 to August 9, 2013. Johnson is also the Chair of the Audit Committee and a member of the compensation and nominating committees. Another board member, David Pohl, is the former CEO of PTSC, who served from 2005-2007 and served as a board member from 2001-2008, where shareholder value creation is arguable. Both Pohl’s and Johnson’s association with PTSC’s poor performance during their tenures are revealing. Eric Swartz, an independent director, and Chairman Johnson were partners at Roswell together. It is noteworthy that there have been no other board members added over the past 13 years.