Avid Bioservices Inc (CDMO)

[infofor2016]

Resignations, Appointments, Poison Pill, Cash

Next 6-12 months should be productive. Expect resignations - King, Lytle, others, with respective exit packages. Appointments - CEO, CFO, and new positions. Deals - actual deals, not necessarily huge, but direction changing. Watch for restructure and positioning for divestitures, expansions, ventures, possibly complete sale. Barriers protecting prior management no longer serve purpose, so poison pill could go, among others.

And don't forget the cash raise - PPHM is on life support for 2018. Time to get off the going concern train. Possibly combo of asset sales, revenue growth, cost cuts, and other financing. PPHMP needs to be addressed.

Upside should be slow and steady.

Good Luck