Avid Bioservices Inc (CDMO)

[jakedogman1]

The old BOD delayed the ASM by three months to try to fend off Ronin which set us back three months and consumed one qtr of burn. Throw in the cost of the consultants hired to defend the moat. So basically the new crew has been running with the ball for just over two months. I see a lot of operating leverage with minimal investment to get to $200 mil in rev's.

Once the IP is placed and the capital needs questions answered, we will see some traction. And retail needs to be shaken out which is what is happening right now. Wall St is still Wall Street. Only I hope we have a set of competent crooks.

And the Cook deal was bought for 10 times rev's. Worse comes to worse we should have a home with the Cook acquirer.