Avid Bioservices Inc (CDMO)

[golfho]

I’d like to clarify some things…

I have confidence that the new board is independent. That’s not the point of any of my posts. My concern is their focus. Their focus is on growing AVID. I’ll say that again. Their focus is on growing AVID. The IP is something that NONE of them were familiar with prior to coming aboard. Their only source of information would come from the remaining staff and perhaps some of the already departed individuals. If a nucleus of a deal was agreed upon prior to there arrival, if they were told that “after an exhaustive search this is the best offer we received.” Most reasonable people will quickly review it and agree to the terms because again the focus is on AVID.

It is that review that I want them to focus on. I want them to be aware of the need to extensively review any previous process, to question every aspect.

We now have 10 business days left before the ASM. We now know that Stephanie was on a vacation and had not read or opened her inbox until yesterday. She stated that the e-mail she received were passed along. I don’t doubt her. However, if you don’t trust that path, you have the other 2 avenues, certified mail or direct e-mail.

Latest contact information:
Board of Directors, c/o Joseph Carleone, Ph.D.,
Chairman of the Board of Directors, Peregrine Pharmaceuticals, Inc.
2642 Michelle Drive, Tustin, California 92780

E-mail option:
[e-mail]
NOTE: Communications may be addressed to the Chairman of the Board, an individual director, a Board committee, the non-management directors, or the full Board.

All other discussions on this board about sleazy former BOD, incompetence of the previous management, maleficence by outside agents is of little importance. We can only influence today and tomorrow. History is important to learn but, what we do with the lessons learned is the only thing that counts.

As I stated in a previous post:

“In any case, if you think that sending a letter or e-mail to the Board & CEO will increase our chances of getting a fair deal for the IP, if you think that sending a letter or e-mail to the Board & CEO will increase our chances of a more open, transparent process. Then you need to write it NOW DIRECTLY.”

And, “If they get one single letter nothing will happen. If they get some letters something might happen. If they get a bunch of letters there's a good chance that something good will happen.”

To date, to my knowledge, the following wrote to the company:
golfho
eb0783
trader
peregr
biopharm
Mauiziomh
unpathedhaunt
Wernaaa
sunstar
Jerry200

If I missed someone please let me know.

Regards
golfho