Avid Bioservices Inc (CDMO)

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Every move that the PPHM Management/BOD Team have made this year HAS ALL BEEN to keep their CASH COW Alive..

--SOLD 10% of the company using the ATM at a time where the REVERSE SPLIT was imminent
--Lip Service for the NASDAQ Compliance Extension
--1:7 REVERSE SPLIT - Max requested; otherwise, I am sure they would have gone higher.
--Stopped PRing about AVID and Profitability in March
--PR about how AVID was Financially sound, then 20 days later.. 20% of the workforce laid off
--Hiring Lias for a position which wasn't required with an exorbitant compensation package.
--Adding Lias to the BOD while the other 4 Failures continue to keep their seats.

Overall, the PPHM Management/BOD Team in no way is looking out for the shareholders, nor are they even considering anything that the shareholders want. Everything they are doing is to benefit themselves. I am amazed at how some continue to believe that they are doing a fine job protecting that IP.