Avid Bioservices Inc (CDMO)

[sulaco]

CLEAR VALUE IN THE STOCK / Ronin-led Avid = $30 pps


Ronin's Powerpoint presentation laid it all out.
PPHM BOD themselves don't have confidence in the company.

They have no clue what they're doing.

ITEM: Going concern x 10. May be out of business soon! Our investment will be worthless. THEY SAY IT THEMSELVES.

ITEM: PPHM tried to sell Avid to continue funding their R&D cash cow (selling us all down the river in the process). THEY SAY IT THEMSELVES.

ITEM: Yet another reverse split is coming in March, 2018. They can't fund R&D without it. Avid is stalled and the Myford facility is idle. No cash flow from Avid = pending reverse split (again!). Can you believe it? THEY SAY IT THEMSELVES.

And yet we get the same, tired excuses from the same predictable sources.

The upside in all this is the possibility of a highly profitable, dynamic Avid, in the right hands. Ronin sees great potential unrealized by a BOD IN OVER THEIR HEADS. Yes, they started Avid, and GOOD FOR THEM. The current BOD is also running it into the ground!

We all know Avid can REALLY take off and finally give value to us, the shareholders. If only its true value can be realized, not plundered.

It is absolutely amazing to me that the BOD threesome pay themselves a premium of more than $100,000 compared to directors at PFIZER , the largest Pharma in the world! And yet this behavior is excused constantly on the Board.

Too much Stockholm Sydrome here on the Board. Stop being in love with your captors.

Best,

Joe Six Pack