Replies to post #61398 on Avid Bioservices Inc (CDMO)

[Green grine]

Amen !!

[cheynew]

I recall on the conference call a year or so ago they were talking about how they could up Avid production to 24/7, how much demand was in the pipeline, maintaining a high growth rate for Avid, none of which has come to pass. They have had reduced income in some quarters, not just from timing differences. They talked about biosimilars once, no mention since. It is like so many things with PPHM, lots of hype talk then silence, then removed from the website. I'm glad they have Avid, but is it a stand alone business or just there to service PPHM's manufacturing needs? If I were a potential client, I'd wonder if my needs would come first or last if a conflict arose. They picked up the space next door (disclosed in the SEC filings) but haven't discussed what they're doing with it, or if they did I missed it. There is alot they could do to maximize (or at least increase) shareholder value. Getting a qualified BOD is one of them.

[Frustrated]

I love it when people same mgmt has a plan and is following it. Really? How many times has the plan change and how many times has it been delayed or not come to fruition? How long does this mgmt team get to drag it out. They have had at least 8 years now. Everytime something goes wrong it just disappears without a mention. Epstein, Hutchinson, Garavoy the list is probably more. All the while they are following a plan. All the trials that seemingly disappear without data being published. How is our China Subsidiary doing? How is Stason doing? How is Dios doing? I think it has been about two years now. Is their website up yet? Just because these companies our private doesn't mean we can't get updates. We are a public company not the private company. How in the world do you explain the hiring of Carlton Johnson as helpful to the company? You do realize we have a BOD that is having problems running a penny stock company to success. How do you get any credibility or confidence with this BOD? Again they had a chance to add credibility and chose Johnson. Maybe Dart believes in the BOD or not we just don't know until his intentions come to bear. Right the only one left is Garnick. What happens when he is mysteriously absent and for all the positives he brings he still is just a hired consultant. Shareholders should have been partying by now with real mgmt and they will be able to party sooner in my opinion if experienced personnel are brought into the picture. I have no problem with SK the other members have no business with this company and our just mooching along for the ride and keeping this company from succeeding sooner. All IMO.