Avid Bioservices Inc (CDMO)

[patientlywaiting]

"Lias did say because of SEC regulations he couldn't say anything else-perhaps there is a simple explanation of why a "process" is not going on. That being, the deal is done, or nearly done."

There is no deal in place IMO.

I read here from ASM attendees that Lias said "there is NO interest in the IP from BP." Why would Lias say this to shareholders at the ASM if it weren't true and on the other hand mislead shareholders to think there actually is interest if there wasn't. If in fact there was something going on the standard reply "I can't comment at this time" would be the correct answer. Is he just making it up as he goes? Based on this exchange how could there possibly be any deal in place? The new CEO, at least in his mind, has written off the IP for what ever reason and expects the shareholders to do the same.

With everything that has gone on I expect the IP to be worth nothing or next to nothing. Not happy about it but that is probably the sad reality.