Avid Bioservices Inc (CDMO)

[realist1]

RE "The old options
are cancelled and new ones are issued with the same amount of shares and a new strike price based on the current market value at that time. "

Please reread what you posted.
That's the same net effect as repricing!
rather than "reprice" the old ones, they'll cancel the old ones and have new ones at a lower price???
Six of one, half a dozen of the other.
No, management doesn't deserve to be awarded for long term failure. They don't deserve an award for getting the stock BACK to where it was. And to even consider giving them awards when they are doing so poorly that the stock is most likely going to be reversed split is the height of absurdity.

All my opinion of ocurse.