Avid Bioservices Inc (CDMO)

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IMO: Avid provides encouraging, expanding income for Peregrine. Ronin claimed Avid was their reason for investing in Peregrine. Ronin stated Peregrine’s scientific endeavors were worthless and failed and called upon Peregrine to halt them immediately. But Peregrine’s scientific endeavors are various and promising with potential for income in far greater dimension than that of Avid’s. So Ronin is grievously stupid; but they’re not, though their documents are rife with mistakes. One is left to realize that Ronin slanders, minimizes Peregrine’s scientific endeavors purposefully. Ronin could have accurately praised Peregrine’s scientific endeavors thereby presenting themselves as more likely an ally. But they didn’t do that and it was no accident. They flaunted the truth and this strongly suggests that Ronin is a puppet and someone is pulling their strings. This further suggests that the string puller would bury some or all of Peregrine’s scientific endeavor to better enable their own scientific endeavor. At the same time Ronin’s reputation would be enhanced since worthless scientific endeavor blends nicely with buried scientific endeavor.
What Ronin is attempting is a hostile takeover by means of gaining control of Peregrine’s board of directors. The board of directors control the steps a company takes. No Ronin nominated directors should be elected to Peregrine’s board, not even one. If Ronin had shareholders value in mind, they could certainly have taken steps to avert the recent reverse split. Instead they waited for it to happen, then pounced with what they then presented amid the confusion, anxiety, anger, and depression that followed the split.