Avid Bioservices Inc (CDMO)

[Frustrated]

ES has made a lot of money for his part in the deals he made for PPHM and could be argued that he profited from all the pipes that were done. In my opinion his shares were bought with house money. Still amazes that people say mgmt does not want to give away the company for cheap but yet no one other than ES is putting their money where their mouth is. You can't have it both ways. Regardless, if AVID was run correctly the burn rate would be much less and that is something they have control of and is inexcusable that they have not ramped up the business. If they can't drum up the business then they should be layed off or the people responsible fired. It is just not this year, in reality we only hit expectations for one year. Unfortunately for them they showed they have the capacity once now we know how many years have been wasted and continue to be wasted. All imo.