Avid Bioservices Inc (CDMO)

[Frustrated]

Frankly, in the past they did not have the data to support better deals. IMO they are only now approaching the point of having the data to support a solid deal.

Supposedly they did have the data to support a solid deal if you believe they had a deal in Sept 2012. Stock went above 5 with a loan to boot. That data unfortunately turned out to be tainted and obviously by the huge amounts of ATM sales under $2 since the "trial was salvaged" the "salvaged data" is not solid. The only thing the salvage trial allowed mgmt to do is run a phase III trial to try to prove that the before data was real. Now the 2 year wait to see not only if the data is good, we have to see if mgmt doesn't screw up in some way again. All imo.