Avid Bioservices Inc (CDMO)

[jakedogman1]

I agree that mgmt needs to be held accountable and that mgmt needs to know shareholders are watching. Mgmt nor their investor relations agent respond to emails nor return calls. My concern is mgmt has dissed the retail investor, which has basically kept the company floating for years, for their new found IB friend. I see a calculated game going on right now where shares are being played into institutional hands at the expense of the retail investor. Mgmt has not addressed the "funny business" of the market sweep order that got us out of the russell. I think this was all cover so someone could get a bunch of cheap shares. Also mgmt has been very cavalier regarding the short interest issues. Mgmt has been lacking in the financial mgmt of the company which is a critical aspect of an emerging biotech. My concern is they do a cheap deal down the road and are rewarded on the back end when no one is watching.

As shareholders, we have a right to expect more from what have been getting other than the story of the big bad wolf is hurting our share price and we can't do anything about it. IMO, it all goes back to how options are granted. If the company is making progress, part of the progress is share price. If mgmt can't communicate the progress to the market, they are not doing their job. If the milestone option grants had a floor price, ie an excercise price not lower than some set price from the previous quarter, we probably would not be seeing all the games being played.