Avid Bioservices Inc (CDMO)

[tech0200]

I hope you are right but I doubt it. They didn't need to remove the poison pill if it's going to be a friendly take over. There isn't going to be any bidding for Bavi because it was sold to Oncologie. Maybe the potential royalties and profits from manufacturing Bavi can be included in the price of the take over deal. But it's too early for that. And the new BOD has said absolutely nothing about that so far. It looks like Bavi is being kept swept under the rug.

I am afraid whoever has been accumulating all these shares will get a low ball offer through the BOD and then they will have to votes to approve the deal with all the shares they have been accumulating.

Somebody on this board kept saying the purchase price was going to be $5. Maybe we will get a little more than that. I need $11 pps to break even but I will not really break even when I look at how much my investment here would be worth if I bought a mutual fund and sat on it for all these years.

The fact that they removed the poison pill strongly indicates that they will do a deal that is friendly to the BOD members only and will leave retail very disappointed. The BOD can get many or some very good benefits from the acquirer. Ask John Stafford how it is done.It looks like all of the accumulation through tactics like naked shorting and huge blocks of shares exchanging hands after the close indicates that BOD is going along with this and that is why they removed the poison pill.