Replies to post #266198 on Avid Bioservices Inc (CDMO)

[geocappy1]

That won't happen til we collateralize a large loan with Avid as some propose. Then the BPs pull business and we are in Bankruptcy territory. I believe we can not use Avid for a loan until we have a well diversified client list. Is there any doubt BP would use this tact if we had a large loan against Avid.

It sure would have been nice to do the Abbvie deal at $2B or $20/share. Of course there would have been many here who would have been upset with that. I am on record as being gone with $20/share back then. My exit was half at 10 and the rest at $20 except for a few shares so I could continue to follow. Looks pretty good now. May have to adjust my exit now.

[JCNJ]

and the General Counsel of PPHM only makes $500,000 per year in salary and boatloads of options!!!!!!!!!!!!!!

Where is the accountability? PPHM gives raises and bonuses for screw ups?

Who read the CSM contract before signing it? anyone? The damage limitations were in favor of the party WITHOUT the leverage!

Who supervised the filing of the lawsuit to make sure all proper theories were pleaded? Anyone?

The stock price craters to $.40 and they issue option awards to the Board and senior management? These are expenses to the Company.

How do these people sleep at night. Forget breach of fiduciary duty. How about complete lack of conscience?

All In my opinion. So steamed at this Company continuing to do the OPPOSITE of what should be done. Someone should have gotten fired for the CSM debacle. Instead, we give option awards and continue FAT salaries. Also, how much did we pay the outside lawfirm for apparently not having the proper causes of action in the Complaint, which is why CSM won partial summary judgment, whittling down the complaint and exposure till PPHM had to settle for peanuts.
Nice job guys. Thanks for the 6 figure loss while you continue to feed at the trough.

[Threes]

I don't think AVID is threat, I hope anyway.