Avid Bioservices Inc (CDMO)

[eastcoastguy]

Thank you CJ for posting the Biotech presentation. Good start for Lias in front of institutional investors. Clear plan to build revenues.

The CEO gave us a footprint for valuing CDMO, 15-20X EBITDA. We have some wood to chop before we get to 100M EBITDA but with new management and an experienced BOD we have the team (I hope) that will bring the new business in.

S-3 filing Friday might explain some of the softness last week. The bull in me would like to believe they want the authorization in place because once the IP is sold/licensed and the SP increases we'll have some shares available to sell and limit dilution. Though our institutional investor % is around 40, our retail holders are rabid and if they haven't sold through all the nonsense they probably won't sell south of 12. Let's hope for a money deal that drives the SP. If it's a good deal and the stock runs my wish would be to sell 10M shares at 10-12. I know it's not Christmas but a long, long can wish. With 100-120M we could buy in the preferred, spend 30M on the internal expansion and still have $ available for a bolt on location. All depends on the IP value.

Great playoff games today,
eastcoastguy