Avid Bioservices Inc (CDMO)

[sulaco]

Sun, JBain, 4our, lots of M/A chatter...

I tried to put $ M/A on Tek's list, but it got canned.

The ONE analyst on the latest CC asked a question about...
Avid M/A!

SK and Lias are both mentioning M/A and Avid in the same sentence.

What gives?
In my view, it could be clear.

Avid has been up for sale since SK and the old BOD tried to pull a fast one on us and sell it outright. Ronin tipped us off, saying it was a BAD DEAL for shareholders.

What about this possibility: The major BPs want both Avid and the IP. There was NO WAY they were going to deal with the rat's nest of crooks on the old BOD. No way. So Ronin forced the old BOD to resign, and a compromise settlement hammered out.

Now major BPs have a new BOD to work with who are adults and who don't wear black ski masks. So let's do business.

GILD or Novartis wants the anti-PS platform for their CAR-T safety. We all know this.

Everyone has been downplaying this at PPHM, both old and new Boards. And of course they have. What do you expect Lias to say? "Oh, yes, we're about to be bought out completely." HE CAN'T SAY THAT LEGALLY. But an analyst on his first CC can ask about it. And did.

I think Ronin, the old BOD, and the new BOD have known all this from the very beginning.


That's why the old BOD never defended themselves against Ronin's nasty-grams. They've been in on it from the beginning. It's quite possible the Board change was a demand from major BPs. "Get your act together, clean up that mismanagement,and we'll do a deal." I can hear the echoes in the halls of GILD's new campus.

In retrospect, I think it's all coming into view.

Regards,

Joe Six Pack