Avid Bioservices Inc (CDMO)

[TXDESERTFOX]

As a general rule, retail shareholders do not have the background information or the knowledge of current operations and future plans to support telling a company’s officers and directors how to run the business. If you are unhappy with management’s performance, take your loss and move on.

In one recent example of disastrous shareholder action, a group of moronic retail shareholders led by a NYC attorney and several large investors (some of which took shares as compensation for their efforts during settlement negotiations) brought a class action against officers and directors. The ridiculous settlement agreement granted the officers and directors full and complete indemnification of any wrongdoing and prohibited prosecution. If this moronic group had not filed the class action and entered into the settlement agreement, the “bad actors” would have been prosecuted by regulatory authorities under existing security laws. The group had the best of intentions and, in this case, some of the officers and directors had committed serious violations of security laws. Due to their ignorance of the facts and law, the morons took the worst possible course of action and ended up shooting themselves in the foot by indemnifying the crooks and making it impossible for the surviving company to raise capital.

In the case of PPHM, despite the allegations of some posters, there is no evidence of illegal activity by the officers and directors. The mistakes made by management, if any, have been made with honesty, integrity and in the best interest of the shareholders. If you have solid evidence of wrong doing by the officers and directors, you should immediately report your findings to the proper authorities. AIMO.