Avid Bioservices Inc (CDMO)

[jakedogman1]

Agree... the current BOD stated in the DS settlement that they wanted to hold off on adding to the BOD until bavi was approved by the FDA. Per confirmation from Diaz, the company had not even filed an application and would require more trials. So in essence a couple of years before they are subject to additional oversight (this position was before ronin shows up). Now if the current BOD wants to expand the BOD with themselves on the ballot, its only purpose is for them to remain entrenched.

So right now we are caught is catch 22 and hopefully Ronin and other institutions can remove the BOD. The catch 22 is the BOD won't do a deal that takes away control (and the gravy train) and BP IMO won't do a deal until they have control and get rid of the gravy train. And why would a David Pohl want to do a deal with only 286 shares and risk losing $400 k per year?

The current BOD has to go and must have zero influence on the company other than their voting right of the shares they own.