Avid Bioservices Inc (CDMO)

[Frustrated]

I have said for years that AVID is one thing mgmt can control yet they are failing miserably. Every disappointing quarter means huge dilution to shareholders. There is simply no excuse to be expanding yet be in a 70% downturn. If it wasn't for mgmt's past performance I would say that something has to be in the works because of the expansion. The sad part is that reality could be that mgmt just expanded without the business. Their track record on the business side speaks for itself. Instead of putting Carlton in charge, a real businessman needs to and should have been in charge of this company. SK can stay for the science side but this company needs a makeover on the business side. How many years have we heard from mgmt's supporters that we can't change the team because it might ruin the talks? Who on this team besides SK is doing anything? How long do we have to have deadlines pushed out? Yeah, I know another 12 months should tell us. I thought I heard that 12 months ago. All imo.