Avid Bioservices Inc (CDMO)

[bidrite]

I am still troubled by the 'likeness' of what Ronin proposed for PPHM and what at the same time PPHM was already executing since H1 2017, without Roning having ever seen the strategic plan.

PPHM is exactly where the ex-BoD and Ronin both wanted it in begin 2017 even before we heard the name Ronin. The firing of most R&D people proves it. PPHM is now a CDMO and our R&D is being monetized in line with statements made by King that someone with deeper pockets should take over, the company activity should be separate, etc,.

There's just one problem with this, it's completely wrong. These guys didn't have a strategy or it changed every other minute. We now know that King was offering to sell Avid while at the very same moment he was publicly telling investors their aim was profitability in a year. At best he is a liar. My summation is he, along with the other crooks, were all liars and idiots who couldn't formulate a coherent strategy. There is no secret plan as to why they were taken out so easily. They are frauds, liars, and buffoons. That's why it was so easy to make them leave. Period.