Avid Bioservices Inc (CDMO)

[Frustrated]

Hell management has done very little to counter any of those negative reports with positive information.


One has to assume that mgmt is not withholding positive information and that there is just no positive information. How else do you explain mgmt selling 16 million ATM shares in the $1.50's and a "preferred" stock offering at $3 and 10.5% interest. Wouldn't you want to release news prior to the ATM so that you get a higher price?

Just wait till we find out further down the road that after PPHm traded 32 million shares at around $2.80 to $3 we will be back to selling ATM shares at around $2 or below again. When you are selling ATM shares and looking for funding you would think mgmt would pull out all the stops to get a higher price. Makes you think they knew they had nothing of any significance coming out in March so they better get what they can off the hype and speculation. So far all we get is hype from pphm and no substance.

Shareholders were led to believe by mgmt that they were working with partners and the FDA to get a phase III acceptable trial for Cotara and then we find out we get approval but no partner for how long now? Now it looks like they same promise was made for Bavi and as of now we have the same results. How many times do you cry wolf before losing any credibility that you had left? All imo.