Replies to post #270379 on Avid Bioservices Inc (CDMO)

[eastcoastguy]

I wouldn't be in the stock if I thought it was a "failed" company. As in all companies there have been good steps and missteps. PPHM bet close to the farm on Sunrise success. KL Gates and their financial advisors devised a brilliant preferred strategy and implemented it to fund Sunrise. Garnick was leading the band. Then interim results were poor. I think it was just as much a shock to them as to us. The past 6 months have been restructure and survival.

To answer your question about manipulation of SP: I think there is more going on behind the scenes and management is just too quiet. Though we've seen some selling by II we haven't seen a mass exodus. Dart, Blackrock, Kennedy, etc wouldn't be in a fraud stock. Eric Swartz owned a small investment house funding companies. I believe he sees a big opportunity with PPHM and has closely held and controlled the BOD to prevent WS from wrestling control from him. He owns a lot of stock including in his retirement account. I believe there is a game plan that is being played out now including the massive amount of shorting. What that game plan is, I don't know. What I do know is companies generally do not become WS successful without WS onboard. The BOD tried the "go it alone strategy with Sunrise" and failed. Now I think they have to play ball and I think we are seeing that now.

My bear assessment is: Bavituximab is less than stellar as a PS blocker thus leading to underwhelming efficacy in human trials. BP knows it and that's why we haven't heard much from AZN. PPHM has pivoted to a mab manufacturing company and has just licensed the EXosome cancer detection tech to put some of the people who were doing R/D on Bavi back to work on this new tech. In my bear case AVID gets my investment back to break even in the next 2-3 years. A lot of years invested but I knew the risks going in and will accept the outcome as it unfolds.

be well,
eastcoastguy

[senrex]

If this is a failed company, why bother manipulating the sp? Why?

Hope, it isn't a failed company...yet. The shorts have always controlled this company at their leisure. Given the present state of things, I would offer several reasons why the price has been manipulated to remain in the 36 cent range:

(1) To force the RS; they can make more money shorting a $2+ stock than a .36 stock; and, at the same time,

(2) drive this company into the ground once and for all. The entity(ies) who have controlled the share price for decades have PPHM on the ropes; they may well be attempting the coup de grace. Why would they do this? Either because someone wants the patents and AVID or, due to the perversity of some of these market fiends, for the sheer enjoyment of it all (in other words, "because they can").

(3) Outside possibility: they have financing lined up for developing BAVI for some heretofore discovered and unannounced specific utility. They will then take the company private (at these fire sale prices) until a future date when they will reissue shares at prices that will limit the participation of low life retail investors (which management considers probably most of the posters on this Board).

Besides obtaining NASDAQ compliance (thus signaling they have no catalyst to move the stock price above a lousy $!), can anyone offer a sensible, positive reason why they would ask for a RS? I know some will say to give them more time by offering NASDAQ a plan to get the stock price above $1 in order to gain time for the finalization of some kind of super news. Given this company's track record, that strains credibility.