Avid Bioservices Inc (CDMO)

[MobyInvestor]

Public companies have fiduciary responsibilities. And they have more stock holders than myself and you. Big institutions look under every rock before buying a single share. the government, wary of congressional oversight screens pretty thoroughly. I'm satisfied about this aspect of the employment picture.

What fiduciary duties would you be referring to? Building shareholder value? All I've seen is a pattern of willful destruction of shareholder value.

What big institutions would you be referring to? The only institutional shareholders in this stock are index funds. That sort of portfolio is mechanically built, there are no fund managers doing DD on this company.

As for the government, are you referring to the same U.S. government that believes in a strong dollar policy? The same government that wrote off an $11.5 billion dollar loan to GM a scant 90 days after they gave it to them?

The "up to" $44 million that's ear-marked for Peregrine wouldn't even make it to the short list of government accounting errors, much less garner a congressional hearing.

Regards,

moby