Avid Bioservices Inc (CDMO)

[investingdog]

<< Why would you spend money on a stock when you can get beneficial ownership of 700,000 shares for free? >>

This is very weak argument. You put your money where your mouth is. Look at some other biotech stocks where management bought on the open market in addition to the options they get for free.


<< That's silly. I wouldn't. >>

Well, I would if I were an insider and really believe in my company future. Secondly, insider purchase would lift share price which is especially important before doing ATM. They are supposed to protect shareholders interests. Bad and irresponsible management - period.

By their action they make it look like Bavi doesn't work, and then they expect to partner. If I were a potential partner I would ask them why they don't have any personal money invested in this great drug.