Replies to post #212999 on Avid Bioservices Inc (CDMO)

[bidrite]

bidrite, no, the time is not right now for PPHM

CP, you are the only one saying this. If it were true why on earth would our CEO be talking for years that this is one of their highest priorties. "Day jobs at night", "goal is to partner", "partnering interest remains high", "partnership brought to fruition in the coming year". Now that none of that happen you say it is not the right time? So was the company being dishonest all this time?

the leverage on approved Bavi drug will be much higher and cancel out the dilution due to the use of the ATM

Sorry but this puts 100% of the risk on us. A partner now, as stated hundreds of times by our CEO, distributes the risk onto pharmaceutical companies that can afford to take the risk. I'm ok with $256 PPS, but you say that is peanuts. Show of hands, who here would not sell some significant portion of their holdings tomorrow for $256? Yet, we are told by some <ahem, clears throat> that we should applaud the fact we are $1.40 and not $256. You seem happy to keep 100% of the risk ontop of retail holders. Makes a person think "what is the true intention?"

And again if you have build up expectations based on SK's words because you cannot make the difference between an intention declaration and a result commitment then don't try to blame it on PPHM, SK or anybody else

How on earth can you make this about me and not about what SK told us on two different occasions, prepared remarks, and written into a slide presentation? On one hand I guess your right, this is my fault for believing him. Yet, you place the blame on the person believing the CEO & BOD member of a publicaly traded company and not on the person making the statements. He set the timing, objectives, and expected outcomes... all we did was believe. Do you seriously want a CEO who, when he speaks, the entire invest community has to decide wether or not to believe him? These were not off-the-cuff, generic statements that could be misinterperted. They were very specific, prepared, and calculated statements designed to entice the investment community. Partnership in a year. Near term catalyst aimed at increasing shareholder value (all of which have now past, except for PARTNERSHIP). This final slide presentation of increasing shareholder value immediately followed by an onslaught of dillution not seen since the time of the sabatoge.

Yet you continue to place the blame on me for having believed what SK said. No way on earth to twist his meaning into something else. The objectives he set did not happen. Period. No matter how much you want to make this about me, or relieve SK for all responsibility for failing to follow through on what he plainly told the investment community. We want a CEO who can be trusted to deliver what he says, not one that we have to figure out if each statement is truth or fantasy. Institutions don't buy into fantasy.