Avid Bioservices Inc (CDMO)

[senrex]

Hayward, I agree. It doesn't make sense. Institutional investors are over 25% (I think I've read here). For all I know they know the company that will buy out PPHM and the price -- and they may be in PPHM for a juicy slice of the company which will pick up Bavi and the rest of the patents. Cynical? Yeh, I guess. But 11 years of being invested in this company (until very recently) has made me that way.

I've mentioned before that I once invested heavily in a company called Metricom. It had a technology that was amazing for its time (and was the only communications technology working around the Twin Towers after their collapse on 9/11 -- and this was AFTER Metricom went belly-up). Paul Allen of Microsoft fame was a MAJOR investor. Yet, they decided to fold the company and sold off the technology for a pittance. The retail investor got nothing. Zero. So, yes, I'm cynical, because on Wall Street motives are far from transparent and sometimes downright mystifying.

That being said, remember my last sentence of the previous post: "Either they have something (and they KNOW they have it and therefore are not even making an attempt at communication) or.... (fill in the blank)."

As I've stated previously here, I'm hoping to pick up this company in the 50 cent range and hope to get some of my lost money back.

It is by far the most frustrating investment I've ever owned.