Avid Bioservices Inc (CDMO)

[westjtter]

We are all experiencing how tough it is for Avid to hold $7....the stock will close over $7 for a day maybe, and then the sellers come in and take their profits, or continue their unwind.

We have the facilities now to get it done but it is kind of like Ford or GM having a a couple of huge factories ready for increased production, but the sales are not forthcoming to open up the facilities to make use of the additional capacity.

Now of course this may be a poor comparison, but we all get the gist of it! To get the sellers to quit selling and entice the buyers to step up at the same time, will only happen if we start offering increased guidance that starts to fill up some of our additional/new capacity.

Are there contracts out there with our customers just waiting for FDA approval....which will be forthcoming, or is the entire field(Catalent/Thermo Fisher/others) getting more competitive on pricing?

In Avid's case, profits will only come through volume, and volume will only come if our sales team delivers? So we once again wait for guidance updates!