Replies to post #235910 on Avid Bioservices Inc (CDMO)

[eb0783]

I respect your opinion but those activists work on companies that have products, services, and real cash flow. I don’t believe it makes sense for them (or us) to handcuff a little development company that already has hidden landmines to avoid with every step. It is counterproductive. What people are doing here (to use the football analogy again) is trying to call their own play and doing their own blocking scheme, many different ones, instead of doing their job on the play the quarterback has called. NO team gets anywhere that way. This all my opinion and is focused on a struggling research & development biotech, not on an established profitable company.

I will repeat my opinion from earlier this month: “If I was on the PPHM BOD, I would not care what we retailers want since for every 1000 of us, imo, 500 would be complaining about every/any decision.” What you have been reading on this board is pure proof of that.

And to quote a very experienced CEO [of which I and most of you are not] about the dilution some are crying about:

boards of directors hate dilution and this word dilution is something that pervades the boardroom when it comes to how do we fund the next project………That is if in fact your project work out, dilution will take care of itself. That is, we do projects that are high risk, high reward. If in fact we succeed, it won’t matter how much we diluted because the stock will take care of itself or in a private company the eventual sale of the company or license will take care of it. If in fact you fail, dilution doesn’t matter because it doesn’t matter how many shares were sold, doesn’t matter how diluted the stock holders have become. If you fail, you fail. And so, I guess, my conclusion is, the bottom line is dilution doesn’t matter if you need that money.

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