Replies to post #290377 on Avid Bioservices Inc (CDMO)

[jakedogman1]

would love to see mgmt even try to use the poison pill against Ronin..

if Ronin comes in it will be w/ strong players with experience and credibility...

mgmt already has a DS for breach of fiduciary duty (and the attorneys are aware of Ronin's presence)...

let's see a guy who creates value, owns 17% of a $1.2 bil biotech, was on the BOD and took only $35k in fees (vs CJ's $350k) and built a very strong BOD around him... and is probably worth several hundred mil (xencor holding alone are $170 mil)

even Delaware has limits on bad behavior ...

mgmt did this to themselves and this is long overdue...

do you think shareholders are going to come to the BOD's rescue?

I don't...

[keep_trying]

CP, perhaps, the recent 10% of shares accumulation is for purposes of being resold to a, to be announced, collaborating pharma? The trading of last week displayed an early market day concentrated sales volume that dropped the pps, followed by millions of shares traded at the lower pps held in a tight trading range most of the day, followed by a shares purchase and pps rebound that looked like short coverage. That seems like it could fit someone's accumulation pattern.

Might the NASDAQ listing threat simply be getting used to loosen hands while accumulation is underway-- on behalf of others with undisclosed interests at timing when PPHM is not quite ready to announce news that reveals unrealized shareholder value?

Should longs care if a hard ball move is underway to place someone on the PPHM Board in advance of PPHM being able to regain its financial strength to continue operating independently? Of course, yes. Do longs know for sure that PPHM is so situated? No... but.

There are too many tea leaves still needing to be read, it seems. Will PPHM clarify by revealing some cards in their hand next week? If a reverse split is to be averted, it would seem that is necessary. Is it correct that the pps needs to base at above about 80 cents for the pps be able to reverse split its way above the $5 pps threshhold needed for some funds to engage? Should holding a $5 pps enabling Institutions to enter even be a concern for PPHM?

Lots of questions before the cc on Monday, LOL

Best wishes and IMO.

KT

[biopharm]

..Furthermore I think that if something would happen tomorrow it would need an UP-FRONT PR of something that will be said during the Q/CC in the evening.

But those that think that only a partnership does the trick for Wall Street, think again. As an example, without that example being a limiting list, the announcement of the HALO/ROCHE production is a money maker. Bringing profitability 3 or 6 months closer (would be kind of End of CALENDAR YEAR), would certainly also not go unnoticed if it is accompanied by a good Avid quarter that full-fills the expectations.

What if the Ronin 13-D and then 13-G filing containing the "wanting to talk to the BoD" were ALREADY a fact. Think, would Roning invest about 25Mil shares in PPHM, clearly being a LONG TERM investment firm with only 4 stocks in portfolio and a tradition of PARTICIPATING (by sitting on the board) in companies start investing IF they didn't UP-FRONT know that they have a chance to have a board seat?

Buy, talk to PPHM, get a NO, then Sell? NO, that is mostly NOT how they do it. Certainly not with a company that has a Poison Pill installed, a Bod that Guards it, and Delaware bylaws that almost give the BoD a license to kill and get away with it? NO WAY. Stafford III knows at this moment if a BoD seat at PPHM is a possibility or totally excluded. With only 4 stocks in portfolio they have all the time to prepare this, hear around, do some informal talks, etc and then work within an EDUCATED frame work.

So what if PPHM announces an extra BoD member that already invested in 25Mil shares, or two BoD member if maybe Dart also wants in, he has MORE then 25Mil shares.
...

..

CP, any thoughts on all that had transpired up to this point ?

Stafford knew early on that Peregrine had to be stalled and Exosomes transferred to UTSWM for some reasons and the IP diluted by a Hedge Fund