Replies to post #43644 on Avid Bioservices Inc (CDMO)

[dia76ca]

Thanks gandolf. I particularly liked this part of your report!

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I asked Paul before the meeting why the authorized shares had not been reduced by the r/s ratio and was told that they didn't want to have to go back to the shareholders for approval every time when they started doing forward splits. I asked if there were any immediate plans to use the shares and got tap dancing, so you can read into that what ever you want.

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[realist1]

RE "shown great progress and promise. Why has our value gone down versus up?"

Suggest you analyze a 2nd time the first part of your statement. As most of us are coming to realize, these phase II's are not big enough or good enough to get the job done. Also, contrary to what another poster said, they are not that near to finishing(if you consider finishing by meaning final data). We don't even have all the data on the first phase II, and weren't the other 2 (India) started about a year after the one in Georgia?

I've been following PPHMD for about 5 years. When I first looked at it, I thought it was 3-5 years away from being something with potential. Problem is, every year since then I still see it as being 3-5 years away. The "market" has been consistent with my assessment. In fact price has declined over that time.

I'm in agreement with Moby, but state it slightly differently.
In my opinion the only investors to make money in PPHMD will be the ones that buy the latest (if it ever does become successful). Everyone before them has/had too much time, too much dilution, too much risk in their way.

As for the logic of averaging down year after year and lower and lower on a stock? A wise old trader once told me the problem with that is that "eventually you own the entire worthless company".

BTW of course SK was giddy at the meeting. He just got options aproved, and after the reverse split he's got dilutive powers to keep his paycheck coming in for a long time to come.