Avid Bioservices Inc (CDMO)

[bfiest]

Lawyers were needed for the previous management group. Steve King and the remaining BOD were milking shareholders. They were screaming for legal action in my opinion. We also did not trust the transfer of the IP because the other BOD was involved along with a questionable brokerage firm and pursued transparency. I’m not an advocate for legal action with companies that perform well but at times deal with adversity. That is a different issue.

This group just received stellar marks essentially from their customer base. The lack of communication is frustrating but not a crime in my opinion unless they are withholding material information. We usually hear status updates during the quarterly calls. I’m sure they are consulting with their legal department about each situation that arises.

I’m not a frivolous pursuer of lawsuits. I certainly want them to be truthful. I mainly want them to perform. I want to see new customers and high efficiencies. I want to see progress as I’m sure every shareholders wants. And I want to see them sell at a healthy premium. Nothing else.