Avid Bioservices Inc (CDMO)

[senrex]

The nearly year-long build of positive divergences in the technical indicators on the weekly charts were eliminated today.

Announcing a $150 million new shelf on a day when such news is released exhibits a type of management hubris that is almost unimaginable. It reminds me of the time at a CC when management openly snickered at a question by a retail investor complaining about a lack of progress in attaining the company's stated goals.

I appreciate entdoc's reminder that these results were from poor souls whose cancer had metastasized. But it doesn't erase the contempt which management displays toward the retail investor. They are able to issue options (like the 89 cent ones for their employees) because thousands of retail investors have lost tens of millions of dollars due to their ineptness which has been liberally laced with their arrogance.

As for Mr. King: if any of us here made as many broken promises as to "this being the year" for PPHM as he has, we'd not have jobs. He and the others are unmitigated disasters. Let's face it: King's "word" is meaningless.

Management's contemptuousness today and for more than a decade should give the retail investor all the data he needs to conclude that, even if Bavi and Cotara are great successes, management and insiders will benefit at the expense of the retail investor.

P.S. Honest question: why do we hear nothing more from India and Georgia?