Avid Bioservices Inc (CDMO): SK has until 5/22/18 to cash out his opt...

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jakedogman1

Re: north40000 post# 324196

Monday, 02/12/2018 6:24:35 AM

Monday, February 12, 2018 6:24:35 AM

SK has until 5/22/18 to cash out his options at roughly $9 per share. Prior to the 12/22/17 severance agreement, many of the options had exp dates as far out as 2026 which have all been given the 5/22/18 exp date. So all the "collaborations, partner interest and IP interest" will be flushed out before then. Given the CDMO changing of the guard just happened as well as the tax code just changed, it will take time to sort thru all this. We know we have a motivated seller. So if there is a deal to be made, it will probably happen by before 5/22/18 (or SK gets some of his own medicine).

At the same time the overall market will be volatile given the fed is no longer going to spike the punch bowl and the bloom is off the rose with stable genius as far as fiscal discipline. All the while, BP has overseas cash to invest to improve pipelines. Choppy waters ahead.