Avid Bioservices Inc (CDMO)

[westjtter]

Every time we think we are oversold...they sell some more!

I have no idea what is going on, nor why Lias left as suddenly as he did, (resigned or was pushed), but for the life of me, I cannot figure out what could have gone wrong.

We kept hearing positive reports about renovations and expansions in the lab and warehouse, and then suddenly the CEO is gone?

This is not like we are creating a new company...Avid has a stellar record and has been around for years. All reports indicate that there is a greater demand than supply for this type of facility, and the bar to entry is very high....so what are we missing??

Did Avid screw up one or both of these two pending contracts and these were thus cancelled? Would that not be a material event? Has Tracy not delivered on any contracts?

We no longer have the risk or expense of failed trials...nor the research cost of developing new drug candidates...we only need to manufacture...and we were apparently very good at doing this??

This would be the time for the Board to issue some kind of update or statement on what exactly is going on...last we heard the sky is the limit....now it seems we can't get off the ground!

Meanwhile it appears the company is strong financially as evidenced by the continued solid trading of the preferred.

Although the analysts may have lowered their stock price targets(due to the CEO leaving), this could be turned around over night with some kind of increased revenue guidance, and some kind of positive news from the board.

Richard Hancock has the resume and the background to make this stock and company move a lot higher. He would not of stepped in if things were not solid...lets see what he comes up with here.