Replies to post #16531 on Avid Bioservices Inc (CDMO)

[flyingfurter]

100% correct, though I didn't understand your last paragraph. I don't think it's don't TO undercut the current investors, though it absolutely does, but it was done due to lack of ability to raise money any other way.

Why there was no other way to raise money will only be a guess, but I'll offer up a few possibilities; lack of experience, forces that don't want competition, as well as incompetant past management. Current management has made progress and we will have to see how well they finish.

Sound crazy with the 'progress' comment?

1) Warrants are over

2) Phase II trials, multiple trials, going on that cannot be ignored once data starts to flow out.

3) R&R involvement, new hires, CHAVI, DOD money, etc.


I'm not happy with where we are or how we got here, but looking at the situation, I'm not selling now and I believe we have a good chance for positive moves in the next 6 months.

[Green grine]

Honestabe

" 1. authorizing the shares dilutes the share price, whether they are issued or not. kind of like how all your credit card credit lines count against your credit-worthiness even if you are carrying zero balances on each of them... "

I don't think our share price has ever gone down when shares have been authorized. The price has dropped when the shares were "put" to someone. In the future, if they do in fact finally do a big deal with a BP, if those shares were put to that company in exchange for a big partnership deal, it may in fact have the opposite effect on share price (it might go way up if it is a BP).

Just a positive thought
Green