Avid Bioservices Inc (CDMO)

[sulaco]

CP, many vigorous supporters of the old BOD are now back-tracking a bit

exempli gratia:

POST #309838 8/25/2017

So that is WHY RONIN/SW would sell down assets. At an EASY 100% if they sell PPHM/Avid assets for 380Mil$ (assuming 45Mil outstanding shares x1.20$ x7).

Takeover of PPHM for a fast buck? Didn't happen.

About 50Mil cash
About 30Mil back-orders
About 650Mil tax-advantages to write down on
2 fully functional 2+6 Award winning manufacturies
A 50-55Mil guideline for thus FY

An Exosome platform near ready
An anti-body (all targets) platform near ready
IP protfolio
A Safety database with about 1000 Bavi patients no meaningful side effects
BetaBodies
Biomarkers
etc
Yes, RONIN/SW would definitely sell assets quickly.

All of the old BOD "accomplishments" listed out. No one has been monetized.

POST 312236 9/9/2017

I keep saying RONIN is moving out. Nobody else has such large position at hand. There was a block of 26K shares in there and that can only be of one owner.

26.000 x 21.40 = 556.400,- $

AIMO

Well, Ronin did not move out at all. Ronin made the smart deal.



POST #311137 9/8/2017

By the way: Why does RONIN want to go against shareholders that invested in R&D and tell them they must invest in production? They could have placed their money elsewhere.

Ronin was NOT against shareholders. More FUD.

But no. In JAN 2017 they learn that we have a poor BoD, worthless CEO and CTO that don't even have a plan according to their letters and in the NEXT 5 MONTHS they buy 8.8% of that crap? Who can understand that? Why not just walk away and leave us alone?

Vigorous defense of the old BOD. Ronin, just leave us alone! Just walk away!

No, they buy in and then tell us we should stop doing what we invested in in the first place. If I wanted an average 10+% investment I wouldn't be in PPHM. PPHM was an ALL or NOTHING investment now they want to turn it in a production company and make it a average investment.

And why? Avid has 2+6 Awards won. It ran 5 consecutive years RECORD TURN-OVER, it went from a mere single customer to portfolio, it increased capacity and technology. What does RONIN think he can approve that Avid (which was doing great) could not do also.

See all the awards AVID has won with the old BOD? Years of record turn-over! How can Ronin improve on this?

And the ONLY negative point which may well be caused by PPHM/Avid being under Activist attack is that the INITIAL (to be updated) guideline for revenue of FY are the same as past year.

See, we now have worse guidance for next year...and it's Ronin's fault!

i.e. Avid is wonderful, lots of awards, increased capacity and tech (which is now laying idle), and any decrease in guidance was, of course, the fault of Ronin!


Bottom line: a lot of folks were dedicated to defending the old BOD and pointing out all their wonderful accomplishments. Ronin was vilified as seeking a quick buck, selling out shares, and ruining guidance (See posts above.) Fortunately, those comments are now being walked back with a concierge's tact and diplomacy.

Best,

Joe Six