Avid Bioservices Inc (CDMO)

[jakedogman1]

Steve,

All good points and I agree with your posture. The only positive things that may have developed is that mgmt is aware of the unrest AND eyes are upon them so they act as fiduciaries to CURRENT shareholders and not their future employers (ie BP or BB). I expect mgmt to maximize value to the shareholders and not run the company into the ground and then take a position with a successor which gives them great financial rewards in the future. At the present time, mgmt has virtually no skin in the game with respect to the stock price (Top 3 exec's hold $132,000 worth of stock). My expectations are that if mgmt can't get it done, sell the technology in pieces and get the most out of it. IMO, that by itself is much greater than the $.60 we're seeing today. Also, mgmt is aware that we're watching the games being played and hopefully they are not part of it and will put up a fight to stop it. All we want is accountability and transparency. We have not been getting that. All IMO.