Avid Bioservices Inc (CDMO)

[Frustrated]

Any option, including earlier partnering of core assets or sale of the whole company would be preferable to selling large percentages of the company at 10-20% of discounted fair value (as computed by the analysts that follow the company).

Using a modest $7.50 analyst target means mgmt is selling large percentages of the company at over an 80% discount but somehow people don't view that as a mgmt failure!

Were PPHM to beef up the BOD with a heavyweight IB and then hire that IB, IMO the price would move substantially allowing sale of ATM at above $3 per share for short term bridge and setting the stage for much larger financing at higher prices in the intermediate future. PPHM is still xenophobic.

Wow, been saying that for over a year but again mgmt is following their plan LOL! Mgmt itself has said they are looking. You mean to tell me it is taking this long to find someone as good as CJ while they bleed the company at 10 year lows? What is mgmt's motive here? Either they are totally incomptentent or they are hiding something. Things just don't add up. All imo.