Avid Bioservices Inc (CDMO)

[jakedogman1]

I'm with the majority of shareholders and I'm very frustrated with what I see as a major disconnect between value of the company and the share price. IMO management has not defended the share price and has allowed games to be played at the current shareholder's expense. I know that mgmt would prefer a larger institutional base where they don't have to put up with the whining. I would too but let the institutions buy like everyone else. From a financial mgmt standpoint, mgmt would get a D on a report card. Too many rookie blunders such a issuing a PIPE two years ago right before the russell. This was a huge mistake and took the wind out of the sales. Same with missing the russell this year.

When a companies value is not reflected in the share price, several things can happen to correct the situation. One is a hostile takeover where mgmt gets booted. I think it's incumbent on mgmt to show the shareholders how they can create the value. Unfortunately, we've heard the "we're in talks" story too long without any real progress to speak of. IMO, mgmt has til the Dec CC to show us why they should be at the helm.