Avid Bioservices Inc (CDMO)

[Frustrated]

Lafont. A lot of people here believe in the science and are hoping somehow that this BOD gets changed.

The reason why the stock started to move was people were hoping for revenues in AVID. These revenues are fully realizeable as has been shown from past quarters. Imagine if mgmt and the BOD made a conscious effort to get this part going. In my opionion it should not be hard and in my opinion borders on negligence and incompetence. This alone would probably fund the research. This has been the state for a long time. We knew for the last five years we didn't have a commercial product so why no results?

Instead we get the answer that mgmt is reserving capacity for a commercial product that may not even happen at all yet nevermind in the next year. So is it prudent to let AVID just sit there and the shareholders lose money on a gamble. They have extra space don't they? Why can't they do both? The company could be making money now. AVID should and could be the safety net that holds the price steady. Instead we get the same status quo every year.

Yes there is no guarantee that the science will be a success but you have a guaranteed revenue maker in AVID that is not being used in the best capacity. I don't buy mgmt's explanations.

There have been too many hiccups and no real results with this mgmt and BOD. Again, Steve can run the science operations but we need a business expert and a financing expert rather than the three penny stock experts. How many years do we have to here they are excited. It is quite very amateurish. At least we went from excited to very excited this year. Maybe next year we will be very very excited.

The way you complain about people continually bashing mgmt it amazes how people who supposedly have alot invested in this company accept mgmt's blunders, delays, and dilutions year after year without tangible results and a stock price that is near ten year lows while other companies with similiar or worse balance sheets and potential have prospered. All imo.