Replies to post #282132 on Avid Bioservices Inc (CDMO)

[cheynew]

The more I think about this, the more concerned I am, particularly after the weird conference call. Like they were bunkering down AGAIN.

[wwtmm]

I agree this is a big red flag.

[Dragon Lady]

Quote, "Or, did the data from 400 more patients not back up previous statements. The ops sliding seems to suggest something is not right since the earlier release. History says we retailers will be last to know. I am not feeling real good about cancellation. They must have had enough data to do some type of presentation. Doesn't feel good once again.

YEPPER, exactly..or something else FUBARed or another "mulligan" or an "anomaly" or to "be explained away later" or most likely, simply never heard about or spoken about again, as they "re-pitch" their next grand pivot maneuver, IMO.

AND, notice, they dropped the corp-speak BS about "the super magnificent super duper amazing control arm outperformed a blah, blah, blah", dropped it like a freaking HOT POTATO, one with a little radioactive material on it, it got so hot.

THEN, they did a major corp-speak Orwellian new-speak, re-speak ole "pivot" maneuver" (known also as a new dangling carrot plate special), and they "re-pitched" the FUTILITY FAILURE ole "control arm outperformed" BS to "hey, looky here, we're now gonna "data mine" this ole failure and polish the turd into a mountain of supposedly golden data, no even worth more than gold, make it platinum, to use on our latest next happy story, aka the "new" and improved I/O thingy, cause we cancelled out of all our other "chemo" trials since we've failed all of them in human beings, can't BEAT THE PLACEBO...blah, blah, blah SEE SAFE HARBOR STATEMENTS and listen only to happy corp-speak words please."

These dudes change grand "plans" more than most people change their socks or underwear. So now we're to believe that it's "data mining" for "new phase I trials" and then "I/O a blah, blah" (which would be what, like a 8 or 10 YEAR "project" then typically to get a phase III real life "product" one day and actually have it approved for use in HUMAN FREAKING BEINGS and not "mice" or lab rats ??) and then hey, look at the left hand, which is now holding magic "Exosomes" and toss in a side salad of a shiny "test kit" thingy that we didn't even mention on the conference call, really doesn't exist yet, and has no FDA approval or isn't really for sale yet, but sounds swell and neato like all our other past cool "stuff" and hot "ideas" that never came to be....

These guys are "good" IMO, good at telling the NEVER ENDING STORY, while getting paid as if they split the atom, solved world hunger, AND cured cancer. All except the part where NOTHING THEY HAVE TO DATE, has ever actually been proven to BEAT A PLACEBO or work for a damn thing in human being patients.

There's no freaking "partner" IMO, FOR WHAT? WHAT DO THEY HAVE SUPPOSEDLY THAT'S EVEN WORTH ANYTHING? They're back to running "small phase I trials" (sort of, as even those aren't really running yet, and have dates of like 2019 for "data" expected) and THAT is all after THIRTY FREAKING YEARS RUNNING THIS NON-PROFIT DILUTION MACHINE, staring down REVERSE SPLIT NUMERO THREE. THREE.....yet they've spent 1/2 a Ba $BILLION and all they got is a tiny, high risk, couple of "customers" little "contract manufacturing" biz to show for it- one that has ZERO proprietary tech, and that could likely be duplicated for a fraction of what they've spent, by about a 50 other better qualified, more experienced and better capitalized companies who are in the EXACT SAME BIZ or already own similar type facilities and own their buildings etc, and they say just that in their own SEC FILINGS, when describing their competitive RISK OF AVID.

Just dangling carrots to me. They have no freaking money partner waiting in the wings or "in the works" IMO, or they wouldn't be SELLING and DUMPING DAMN SHARES AT 30 CENTS a piece for SURVIVAL CASH, LOL ! Nothing spells big money partner like DUMPING YOUR OWN SHARES AT 30 CENTS EACH, while the key insider BUY NOTHING and HAVE NO "SKIN" or risk capital of their own in the ole "game", yep. SHAZAM. SELL SHARES, dump into the marke at 30 CENTS to bury your own share price in never ending DILUTION, BUT NEVER BUY UM YOURSELF OLE WEALTHY BOD MEMBERS and CEO.... that's a sign of huge confidence in your tall tales and BS sales pitches.

WHO, WHO's gonna give these clowns a large cash infusion and for WHAT, WHAT DO THEY HAVE TECH WISE THAT ACTUALLY "WORKS" for cancer or anything else? "mouse models" don't get cash deals, sorry, but never seen it happen.....human trial FAILURES and CAN'T BEAT A PLACEBO trump the "mouse model" card every single time it's played at the table per my experience....

The PPHM theme song:

Never ending PPHM fantasy tales, carrot dangling for 30 YEARS and counting...still going....with the "C" suite boys club getting wealthier for producing ZERO ROI, ZERO shareholder value, ZERO approved products, ZERO positive cash flows, ZERO profits....and the "story" goes on...and on...and on.....

[corporalagarn]

This sounds logical and most likely. One thing you can be sure of, whatever happened was certainly not PPHM's fault. You can bank on that.

[NoMoDo]

I am not feeling real good about cancellation.

I would think that since they didn't PR the event beforehand, they knew that they may not be able to attend due to time constraints. If they PR'd it and didn't show up, then there may be more cause for concern.