Avid Bioservices Inc (CDMO)

[chenzo11]

Lawsuit with CSM

I feel alot here are focusing too much on the financial reimbursement that we could receive in our lawsuit.

IMO there isn't a dollar amount that can be placed on the damage that error will cause if we do not get FDA PIII approval.

There isn't an insurance policy that could ever cover these damages. And CSM, I'm guessing, does not have that capital on their books.

If no FDA approval, because of this labelling error, CSM will be most certainly be put out of business. IMO. We would be suing for more than they are worth and more then their insurance policy can cover. We cannot get a dime if they go under.

In this sense PPHM and CSM are in the same boat. Both our lives are depending on the FDA decision.

Not sure if I am considered one of these "johnny come lately bashers." Seems to me that if you bring any concerns to this board you are labelled that. I am long 34K under $1.00. I have traded in and out the last month as many here have, and I am proud to say I am psuedo-positive long.

I enjoy this board and can appreciate both sides of the argument. I also have the mental capacity to ignore the lunatic fringe, on both sides.

Chenzo (An Italian American not to be confused with fellow board members of South American heritage: Pedro, Juan, Jose')