Replies to post #63799 on Avid Bioservices Inc (CDMO)

[cheynew]

Good summary, Jonny. Many of us agree with you.

[PPHMfan]

"Garnick and others on board is the only reason why I'm still here, but I haven't heard from Garnick in any cc's or pr's recently, and I asked IR if he is still on board with no response."

He is still on the management team according to the website... Is that enough???

http://www.peregrineinc.com/about-us/management-team.html

[Protector]

Jonny, Quote
"I'm fricking frustrated that this mgmt team never follows through on what it says."

That's probably the reason they start to say less and less and will end up saying only what is legally required and what's good for them.

Not because of you of course but because of a more general tendency here on IHub and on other sites.

Then again, if they say something and along the road see it's not going to work out, then even if it's not what we all expected, i prefer them to adapt and do or don't do whats needed rather then to do the wrong thing.

The silence is a strategy. Compress the news in a specific time period to rise the price and keep it at the level, probably sufficiently long to do the ATM, and then let is come down to a new natural support level (probably between 3.5 and 5) where it will wait for the next move.

I am glad i am not PPHM management :)