Replies to post #310109 on Avid Bioservices Inc (CDMO)

[Wernaaa]

Called IR: Yes, definitely a joke!!

[The Other Guy]

DP

The Board of Directors concluded that Mr. Pohl should serve as a director in light of his extensive corporate governance experience.

How embarrassing! A long career such as David Pohl's and they cannot come up with any "highlights."

At least Johnson has the guts to list all his failures.

[bidrite]

After reading this I can't fathom how some people that I used to believe really contributed to the knowledge here are so ardent in their support of this BOD.

CJ

The Board of Directors concluded that Mr. Johnson should serve as a director in light of the extensive public company finance experience that he has obtained through serving on our board and audit committee and the boards and audit committees of Patriot Scientific Corporation, CryoPort, Inc. and Ecotality, Inc., which represents over an aggregate of 37 years of combined public company board experience.

Mr. Johnson worked for Mr. Swartz since at least 1996, acting as in-house legal counsel for Roswell Capital affiliated entities until becoming "self-employed" in 2013. Mr. Johnson has also served as a director of Patriot Scientific since August 2001 (where Mr. Pohl previously served as a director and CEO as noted above), during which time its fully diluted share count has increased by roughly 650% while its stock has lost approximately 94% of its value. Mr. Johnson previously served as a director of Cryoport, Inc. from 2009-2012,11 during which time the stock lost 84% of its value while the fully diluted share count increased by over 800%. He also previously served as a director of ECOtality, Inc. from 2009-2011,12 during which time the stock lost 90% of its value while the fully diluted share count increased by over 500%, with the company later filing for bankruptcy in 2013

DP

The Board of Directors concluded that Mr. Pohl should serve as a director in light of his extensive corporate governance experience.

Mr. Pohl currently serves on the advisory board of Max Sound Corp. ("Max Sound"), a $2.0 million market cap company with a stock price of roughly $0.002 per share and no revenue in the company's history.9 Mr. Pohl joined Max Sound's advisory board in August 2014 with a grandiose press release describing him as a "famed attorney" joining Max Sound's self-proclaimed "prestigious" advisory board. Mr. Pohl joined the advisory board despite possessing no identifiable background in the type of audio "disruptive technology" that Max Sound claims to own (and has unsuccessfully tried to sue companies like Google for royalties). Shares of Max Sound have lost nearly 99% of their value since Mr. Pohl joined the company.

Mr. Pohl's only other public company experience was serving as a director of Patriot Scientific Corp. ("Patriot Scientific"), a $5.6 million market cap company with a stock price of roughly $0.014 per share,10 from 2001-2008, while also serving as its CEO from 2005-2007. Patriot Scientific (where Mr. Johnson has also served as a director since 2001), like Max Sound, is a failed intellectual property company that has not generated any material revenue in the life of the company and has had zero revenues since 2010. Since 2001, Patriot Scientific's stock has lost roughly 94% of its value

ES

The Board of Directors concluded that Mr. Swartz should serve as a director in light of the extensive experience in corporate finance, including equity and debt placements, that he has obtained through his 34 years of experience in that industry.

Mr. Swartz is the founder, principal and/or manager of several financial firms including Roswell Capital Partners, LLC, Equiplace Securities, LLC, Swartz Investments, LLC, BridgePointe Master Fund Ltd. and Centurion Private Equity, LLC (collectively, the "Roswell entities"). These are a mix of related finance and investment vehicles managed by Mr. Swartz, and they have been involved with raising capital for questionable pink sheet stocks since the mid-1990s