Avid Bioservices Inc (CDMO)

[jakedogman1]

don't know... they had to kick out the old BOD first... this could also explain why previous mgmt hid the true numbers with AVID by consolidating with r&d side... very strange to talk subsid and not break out numbers... same with the BS talk of upcoming profitability without providing numbers or guidance... a dollar in profits total or 5 cents a share profit? ... and keep the institutional investors out because they demand answers not carrots..

my guess is mgmt wanted to keep the carrots out there on r&d until avid was up and going and then the scumbags would have been on the cash flow machine forever w/o accountability....

when lias mentioned a consolidation in the industry lots could change over the next few years... many private firms eventually want to go public as an exit strategy for the private investors.... maybe CDMO could be the vehicle..

as for the IP sale... would be interesting if SK shows up w/ IP down the road... maybe why the settlement... all the more reason for an agent such as a Noble to demonstrate market exposure and process...

I asked Dias why there was no list of assets for sale on website given CDMO still owned the assets and therefore was possibly undervaluing the company... a very poor excuse was given in that professionals don't go to websites to value assets... and if the market was not valuing the assets, what did they have to lose?

Somethings are not adding up and I can attest to Bfiest and have had many conversations with him... S White with SWIM told me they would hire professionals such as an IB to evaluate IP ... I compared notes w/ bfeist about those conversations... hopefully mgmt is not playing us for fools because they will be very disappointed in themselves if they shortchange investors by the way they handle the IP...