Avid Bioservices Inc (CDMO)

[westjtter]

Two issues here…..one is the utter incompetence of management missing this acceleration clause, but secondly and perhaps just as disturbing is the total inability to secure enough sales to turn a profit…and now with the additional interest costs, the non existent margins will be even further compressed.

It is becoming an existential crisis as it is difficult to see how they can even turn any kind of a profit for the foreseeable future. My concern is not how low we will trade today, but rather how dismal the future looks for the next several years……why would you want to hold this stock, as short of a sellout of the company, it will take a long time to get back to yesterday’s closing price….before the after market crash!

I am not even sure what changes they can make to turn this thing around. Totally disgusted with both management and the BOD!