Avid Bioservices Inc (CDMO)

[jakedogman1]

At this time I would not vote for additional shares. Mgmt has to prove to me that they can do a better job of financial mgmt and communication. IMO they have kept the retail investor in the dark and have continued to make poor decisions in the financial area. For two years we've been hearing the same crap. Granted the have progressed in the lab but the price does not reflect the progress. In the investment arena, the stock price is the report card and mgmt gets a D-. The first misstep was issuing a PIPE two years ago and missing the russell by $400K. Huge mistake which really hurt share price during a critical time. Missing the russell this last time was pretty well planned IMO. What better way to transfer cheap shares to someone. Blatant manipulation and mgmt does nothing. Mgmt has 30 days to show us they can create value for shareholders, not future partners. If they can't show us soon, the company should be sold and the technology should be put in the hands of capable managers.