Avid Bioservices Inc (CDMO)

[ku]

REMINDER:

Thanks to Bidrite, Bigbro1, corporalagarn

"Ronin has sold out" - FALSE, they are now the largest shareholder

"RS is highly unlikely" - FALSE, BOD slammed us for the full 7

"RS is neutral" - FALSE, after 3 RS's the PPS is down 90%

"This BOD doesn't abuse ATM" - FALSE, found guilty by court of law

"Ronin can't nominate more candidates" - FALSE, they just did

"Voting more authorized shares is good" - FALSE, it led to more dilution

"PPHM is filing a BLA after failing Sunrise trial" - FALSE, no such BLA filed

"PPHM is Microsoft of Biotechnology" - FALSE, we've given up pursuit of R&D to become solely a CDMO

"Voting the white card will get Ronin nominees elected" - FALSE, this effort is to get CJ, ES, DP elected by stealing votes from Ronin

"The market doesn't like Ronin very much" - FALSE, every time Ronin has put out a PR the PPS went up on that day. Further, we have seen a steady increase every since Ronin added additional nominees

"Ronin did nothing to avoid the reverse split" - FALSE, Ronin was using their own money to buy as much as possible, while your BOD was dumping 42 MILLION SHARES on the market. Further it was your BOD's responsibility to avoid the RS, not Ronin.
"The 42 million shares sold were to avoid a going concern and/or to fit up AVID III" - FALSE, they received the going concern again and put nothing into AVID III, it remains vacant.