Replies to post #346963 on Avid Bioservices Inc (CDMO)

[DrRocker57]

I think we understand the impact of the last ill-advised financing and the almost insurmountable hurdle that caused but I still don't understand why operationally the new facility was not able to generate revenue? Their explanation of higher interest rates and less biotech research never made sense. Was it the wrong market and just a strategic blunder?

It is my opinion that they intentionally slow played signing new business to fill the new capacity to keep the share price down enabling the privatization/steal at more favorable numbers. Hard to prove making it close to the perfect crime.
Water under the bridge at this point unless something comes of North's lawsuit.