Avid Bioservices Inc (CDMO)

[tech0200]

The only thing they do is dangle a carrot in front of you. They give you enough hope to keep you invested or invest even more while they draw their salaries and get their options.

The only explanation that makes sense is that they are trying to get cheaper and cheaper options. The difference between getting your stock at 1 dollar a share as opposed to 2 is huge. If you get your stock at 1 you make twice as much than if you get it at 2, four times as much if than if you get at 4 and so on.

So each member of the BOD and King are probably looking at making millions. Instead of making 10 millions they can make 40 millions or more if the trials pan out. That is a huge difference, an extra 30 millions or more. If the trials don't pan out, they will have earned some above average salaries while the investors lose.

This is what is' called playing with other people's money (OPM) where they have nothing to lose and everything to gain. They sure don't have skin in the game like the poor saps who believed in the science and went in feet first.