Avid Bioservices Inc (CDMO)

[TampaTradr]

It is a Material event and as they told you, it will appear in an SEC filing.

As far as I can see this new group has done EXACTLY what they publicly stated that they would do.

They began by saying the old Board was stealing from Investors, which IMO is true. They followed by saying the IP was essentially worth cents, which I can’t argue with either.

They stated that they would shed IP and R&D and focus on manufacturing, which, from the outside, they appear to be doing.

I don’t understand why people are still focusing on IP. It never proved itself and good riddance to it!

I still have hopes (though not big ones) that the current BOD’s can increase share price and return a portion of my losses through building a profitable CDMO.

They appear to have the facilities and I hope they have the “know how”.