Avid Bioservices Inc (CDMO)

[jakedogman1]

"Liked again"....

I don't think people truly understand the damage the current BOD and leadership have done to the company on a consistent basis for many years. This was no accident. Mgmt has gone out of their way to make the company institutional unfriendly in order to avoid institutional level oversight.

Why one might ask why would they do this?

How could they have gotten away with the malfeasance with respect to pay and option granting if they had true independent oversight from ethical individuals? Most likely would never have happened.

The missed russell's on a consistent basis with either easy solutions available (such as stock split when MC was above russell min) or incredibly stupid decisions (like selling $300k of shares on rebalance day and miss by a frog hair) chased out a good base of institutional russell based investors when forced to sell due to russell deletion. No way these moves were accidental. And if they happened like they did, heads should have rolled. That is just one chapter of many.

The current BOD needs to go. They offer nothing but negative feng shui and a warning to institutional investors to stay away. If there are additional candidates to select from, that remains to been seen and I remain open to evaluating them.

But in no event should ES, CJ or DP have anything to do with the mgmt/direction of the company.