Avid Bioservices Inc (CDMO)

[jakedogman1]

Agree and the delay of the ASM hurts shareholders in terms of executing a plan to monetize the IP and expand Avid. Again, the current BOD puts their interest of entrenchment ahead of shareholders. I spoke at length with a major investor that did quite a bit of DD and they were skeptical of the IP value for several reasons. One of the main reasons is the current crew has zero credibility and a terrible track record of running companies into the ground while making themselves money. Even if the IP was valuable, would anyone believe it when the current crew is part of the company? Another reason was if the IP was so valuable, why did mgmt take so much comp in cash vs options? The sooner we can run the clowns out of town, the better.

At this stage we shall soon see if the IP has value because it is being "weighed" by the market (any BP's etc looking at it) as we speak.