Replies to post #197243 on Avid Bioservices Inc (CDMO)

[Frustrated]

This makes me more suspicious in the way Big Pharma works in how they try to place BOD in place "for exchange of monies" to any small biotech they may want to take over in the future and take over and make an offer for much less than what shareholders deserve

You do realize that is how the beloved ES snaked his way onto the board in the first place. I guess he knows all the tricks.

In June 1998
Techniclone arranged equity line financing of $20 million with Bahamas-based Tail Wind Fund Ltd. and
Resonance Ltd. of the Isle of Man through Swartz Private Equity llc of Roswell, Ga., and its associated
company, Swartz Investments llc. A second equity line of $35 million was arranged in November 1999 with the
same companies.


The resignations and new appointments duly followed, and on Nov. 19 Techniclone signed on for its new
equity line with Swartz Private Equity. Techniclone's SEC filings indicate that Swartz was able to gain two seats

on the Techniclone board even though no Swartz-related entities held as much as 5% of the company's stock.

Off shore accounts and penny stock BOD doesn't bring much credibility to the street.

[cheynew]

Yes, much better to never partner and end up like DNDN. Don't worry that there are MANY ways BP can screw you without owning a share. PPHM is way smarter than everyone else and won't fall into the pitfalls on their way to FDA approval. After all, they have a board of penny stock players that have seen it all. Oh, they must have been looking the other way when Fargo happened. lalalalalalalalalala.

[BCS Paladin]

Why would current BOD etc want

allow new members on the Board KNOWING that 56% of stock did not vote (BOD) at all in the recent election???

Don't you think the BOD knows exactly who didn't vote and that they KNOW THEY COULD VOTE???

[goodplenty100]

I must agree with that bio


I have seen in more then one occasion where company A makes an offer for company B and the offer is dejected only to upset retail and II's to the point of a potential suit. Company B then pays out special dividends to holders and puts the lid on the suit. This makes sense, it is a good thing. Management is looking out for their and our best interest.

[Protector]

Exactly and that is what makes some to hate PPHM's BoD so much. The cemented themselves in (by the Delaware bylaws) and guard the poison pill.

The only thing that can remove one (beside cheynew resignation or dying) is that nobody votes for him and that he is sufficiently stupid to forget to vote for himself, because otherwise 1 vote suffices.