Avid Bioservices Inc (CDMO)

[jakedogman1]

My guess is the current BOD and mgmt team are well aware of their fiduciary duties. One could not ask for a better time to put the IP in play with respect to capital availability and motivation from BP. So if there is a competitive mrkt with respect to PPHM IP, shareholders should get the "fair" value. The issue is the "risk" adjusted value taking into account the amount of capital required for approval and the probability of success.

So a real simple RFP process with spelled out weightings for upfront, milestone and CVR payments would be a good way to flush this out and show a competitive bidding situation. My guess is SK had set up the dialogues (assuming he was honest about the interest in bavi) and the unrealistic requirements of keeping the old mgmt team/BOD in place are gone... maybe another good reason why a clean sweep of mgmt.

My guess is the game plan is to start fresh, announce some AVID success and jump start the company with a capital infusion from the sale of the IP... get institutions on board... probably not astronomical but a solid start...