Avid Bioservices Inc (CDMO)

[jakedogman1]

One question... if Ronin met with mgmt and mgmt wanted to sell Avid and Ronin's primary interest is in Avid, and making the assumption that Ronin had some leverage with mgmt in that Ronin was in the process of attempting to kick mgmt out, it seems to me Ronin could have made a quick play for Avid and could have gotten out of mgmt's hair. If Ronin was a quick buck artist, that was a perfect chance.

If we don't see a ASM meeting called Monday, we will soon see a white flag from mgmt (or no show and Ronin files for mtg). For one, what BP (if there is one interested) would do a deal with the current uncertainty of BOD? There is no way attorneys draft agreements etc without vetting that those making the deal can close the deal.... not with the current well publicized situation with Ronin prepared to storm the castle and mgmt delay of ASM. And BP would be revealing their strategy (ie interest in PS) without assurance of closing any deal without a stable BOD. And if there is a deal, all BP has to say is we delayed it until next qtr knowing full well the current BOD and SK are out.

And by now mgmt probably has a pretty good idea as to who is backing them (CP,PW,KT and a few more). Any institutional money goes with Team Ronin. If they don't have the votes, why would they want to face public humiliation? I can just envision seeing the YouTube "sha na na na hey hey hey goodbye" vid as CJ and crew are escorted from the premises....