Avid Bioservices Inc (CDMO)

[jakedogman1]

Why would mgmt do something like that? Here's why.

15 mil shares out for issue.

Mgmt lets price slide and helps slide by selling shelf shares.

Shares slip to $.60 or lower.

Big dog gets 2 mill options at $.60 for all the value he created.

2 mil times $.50 (dif from where stock should be trading) is $1 mil.

So poor mgmt gets big dog one mil extra.

Slime dog millionaire.

But we have an independent board that would prevent that from happening. Not.

At the ASM, ask mgmt how many shelf shares were sold between May 28 and Oct 22. Bet they side step the answer.