Avid Bioservices Inc (CDMO)

[geocappy1]

Interesting. So at the time IR indicated in some way that the results were not going to do much they knew the results were less than stellar. Is that also the time they indicated that the value of pphm would be established over the next 6 months. Is it a case of get the bad news out to let Russell funds in and then good news to follow such as liver results or deal, imaging, etc.

Is it an effort for everyone to say oh no and then they look like heros when they get a smaller than expected partnership? Way to much info in this PR with no detail.

Results (14 months MOS) beat SOC (success)
Not by wide enough margin (failure)
Learn many valuable thinga from trial (success)
Will not pursue this indication (failure)
Moving 2nd line to ph III (success)
No partner yet but talking (failure)
Expect a lot to happen in 2nd half 2013 (success)
etc etc

But absolutely no detail. Plenty of room to come back later and turn to a positive once Russell funds in? They had to issue a PR but they wanted to let funds in. Something stinks with this PR