Avid Bioservices Inc (CDMO)

[Frustrated]

You left out that in order to have the cash in the bank that mgmt had to sell once again another 10% of the company in the $1.75 area and had to lower their preferred share price to $3 along with paying 10.25 interest. You have to give the cost of the money in the bank to be objective. It is also means that most likely mgmt has no choice to go it alone as there is nobody willing to partner at this point. All imo.