Avid Bioservices Inc (CDMO)

[bidrite]

I keep saying RONIN is moving out

You also said most of the following

Quote:
another RS is highly unlikely


Result - 3rd RS

Quote:
RS is neutral


Result - massive dilution following a 3rd RS, and most who have been through all 3 now need a ~$40 PPS just to break even

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This management team doesn't abuse the ATM, so voting an addittonal 500k authorized shares is a good thing


Result - This management team found guilt by a court of law for corporate malfeasance all paid for by the ATM

Quote:
We are filing a BLA with the results from the failed phaseIII


Result - IR confirmed that no BLA will be filed, this is a nonsensical statment

Quote:
We will be profitable in 18 months


Result - Management has no backed off that timeline due to missed projections, increasing executive compensation, and no new contracts


Quote:
Partnerships will be brought to fruition over the coming year


Result - That was 3 years ago and we have no partnerships, except those collaborations that are paid for by ATM sales

and just for fun

Quote:
Buy anything and everything under $2


Result - You will now need a $14 PPS just to break even

Quote:
Soon and imminent


Result - "soon" and "imminent" are buzz words that have been used every year since 2005.