Avid Bioservices Inc (CDMO)

[corporalagarn]

PPHM has made it pretty clear that they plan to rid itself of the ip one way or another very soon, like within sixty days. Loof's poll ask what we think we can get for it if sold. $500,000,000 is about $11 per share. We are now under $4. Do we believe that Avid is worth a negative $7 per share or that nobody in the investment world understands what is going to happen in the next 60 days? I could do the same exercise for $1.5b or .56b. Even the $75m guess. Does that mean Avid is worth only $100m? It is struggling, but it is in good hands and has very good potential. The current mc reflects Avid only because that is the only value in the company.

We have a new soft carrot date. It is somewhere in the next 60 days or so. I'm curious to see the reaction when a whole lot of nothing happens again. The timeline has been pushed out over and over again for years and years to uncover any ip value. There is none. That will be revealed soon. Very soon.

I took a flyer and I was certainly wrong. I was banking on Garnick. Big mistake. We should all consider ourselves lucky for Ronin and Avid. We may come out of this with something as opposed to nothing, which is how these things usually end.