Avid Bioservices Inc (CDMO)

[jakedogman1]

The option to go it alone as usual would have resulted in massive dilution for pennies on the dollar and made Avid even weaker. Adults took control before it was too late. And all the while the old BOD fought hard to keep Ronin away, sold massive shares for pennies on the dollar and totally screwed up the russell rebalance by doing the RS after rebalance date which would have boosted SP. The same mgmt team that agreed to lower their pay to just $400k per year in the DS settlement.

And the level of interest from BP? What were the demands SK made to BP in terms of the old crew maintaining their moat and no oversight? Probably had something to do w/ negotiations and level of interest.

The current mgmt team is doing what they can to right the ship.

At the same time, if Dart or any of the old crew are involved, investors should know about it with details. If it's a clean slate of investors willing to bet $200 mil on bavi, just thank your luck stars.