Replies to post #324158 on Avid Bioservices Inc (CDMO)

[patientlywaiting]

"They knew" (sp.)

[jakedogman1]

What lies are you referring to?

What they do with their capital is their business. They are a huge prop trading firm. They are out to make money. Extremely volatile market and prop firms use leverage.

I spoke with them a couple of times during the summer. Their mission from what I can gather based on my discussions: replace BOD ... imperative to remove ES CJ and DP and SK ... SK was way over his head running a company....replace BOD with competent BOD focused on CDMO... sell the IP for as much as possible.... get AVID straightened out ASAP... they saw the potential in the CDMO market and saw how poorly the company was run. I also spoke with Tappan as well during this period. They saw the potential of the CDMO market and saw how poorly the company was run.

And the old regime fought Ronin and delayed ASM three months and expanded BOD to 7 in order to remain in control.

Given the roughly two and a half months since they have taken over, I am impressed as to the progress made to date.

[peregr]

My reading of the standstill was that essentially Ronin would not make any public comments about the prior Board and they would resign. Also Ronin would not do anything to change the Board during the stated period.

Can you explain how the standstill worked out perfectly relative to selling the shares? That's a pretty important point that may shed some light on the selling.

Thanks.