Replies to post #266580 on Avid Bioservices Inc (CDMO)

[bfiest]

They not only wagered our money it seems they at least temporarily compromised treatment for suffering cancer patients everywhere. It seems their only purpose is to line their pockets. Where is the sense of significant responsibility? Maybe we are mis-judging them. It's tough to really know with their vague approach to communication which in itself is suspect. But judging from the legal structure they hide behind, the lack of results to date with a biologic that is safe and appears to be effective and the salary structure with built in significant reward for poor results, it's tough to come to any other conclusion than Bavi is controlled by borderline sociopaths. Where is the sense of higher purpose. Maybe now that same greed will finally bring them to their senses. We can only hope. All in my opinion.

[pphmtoolong]

cheynew, I don't know about other shareholders but it was always clear to me that Peregrine was a highly speculative investment. All the talk of billions here clearly indicated many understood this was an all or nothing throw of the dice. Success depended not just on management skill, but whether Mother Nature wanted the anti-PS approach to be a significant cancer/virus fighter. As of now, Mother Nature has given us the cold shoulder.

The fact that Peregrine management had a fall back position in the mabufacturing space is probably just luck. But I'll take it.
A rapidly growing Avid may be worth a few bucks a share. Not a fortune but that's a lot better than a complete loss.

If Bavi-immunotherapy works out, we will make some substantial money. I don't see strong evidence this will happen, but it is still possible.

So, we go on from here. Demonizing management for being greedy seems a little hypocritical from all us would-be millionaires.

GLTA, Paul