Avid Bioservices Inc (CDMO)

[geocappy1]

Certainly do not think it is a scam, however, Paul Lytle or whomever was responsible for the financing strategy needs to be gone. PPHm should have brought a BP in as a partner on something just for credibility and the company should have done a large stock offering right after the RS and raised $150M back then when the price was $3.20. Somebody made the decision that it was better to raise money a little at a time and match the ATM to annual needs hoping news or trial data would push the pps up and lower the dilution. Well, they were wrong. The pps has gone down down down and somebody or sombodies needs to go. Hindsight is 20/20 but in all walks of life be it sports or other business there has to be accountability and those who guessed wrong need to go.