Avid Bioservices Inc (CDMO)

[senrex]

Voted against BOD on every issue after long consideration. The decisive factor for me was reviewing the CC where the CFO told us that the company had no plans for another PIPE -- and then decided to do one at a near - 52 week low. Poor management I do not reward.

That being said: I see where some are considering the possibility that someone is deliberately killing our stock price through shorting. As I've said before: I've gone the route of being invested in a cutting edge technology only to see the company go belly-up due to unrelenting short pressure deflating the price (while the company management made AWFUL execution decisions). This management team hold 45 minute CCs reluctantly and won't permit the broadcast of public questions during SHM. I don't like it. I don't like this type of "trust us" routine. There's absolutely no evidence that they've offered as to why we should.

FWIW: I'm NOT a basher. I'm heavily invested in this company since 1999. Would like to add here -- but I'm increasingly suspicious of mismanagement the likes of which I've seen before -- and paid a very high price for ignoring it.