Avid Bioservices Inc (CDMO) News

With Meta devastating their DEI depts i guess its a safe bet to say that anyone with or contemplating a degree in HR gender management studies is going to be looking at attending MIckey D's Hamburg college pretty soon...budda bud da da...imao...r

no, no, and no

Very simple....Ampersand and company short the shares and therefore will not need to cover because they will own all of the shares when this deal completes. I guess the chance they take, is that the takeover is not approved, but I am sure they already have enough shares picked up in the first couple of weeks to ensure the vote goes their way.

Covering before the vote tally ? If you are short how do you cover after the sale is approved ? TIA

Michael

In light of Blackrock backing out participating in that UN sponsored climate change summit.. Can i bid on that Committed Badge from EcoVadis if it gets auctioned off?...r

cheynew

Too bad they could not put in as much effort in our loan deal as they have done in this presentation IMO

Michael
voted no no no

Wow, Ampersand must be a bunch of dopes for buying this POS for $12.50.

Today's released presentation looks like the proxy and the opposite of the last few years of annual meetings. Not to mention graphics and timeframes etc. are all cherry-picked in an attempt to fool shareholders. Some of these things are pathetic. Like slide 4, where they give the impression the multiple is better than all the companies, EXCEPT, their multiple is based on the MADE-UP probability-adjusted revenue against companies that they hand selected, with no mention of others or why these particular companies were used, other than the obvious that they provided the desired comparisons.

I just hope the investigating law firms look closely at the presentation released today from a material/inside information perspective. Green filed the form 144s for the intent to sell the day after the definitive proxy additional information was filed. Green cannot sell if he has material inside information that is not publicly known. The slides are a regurgitation of the proxy, but neither contain vital information. For example, slide 10 talks about their probability-adjusted revenue projections and applying two different sensitivities. There is no backing material for the figures. Basically they are made up by management. from the proxy.
between June and July 2024, Avid management, at the direction of the Board of Directors, prepared non-public, unaudited, prospective financial information for fiscal years 2025 through 2029 based on Avid management’s probability-adjusted five-year plan (the “Projections”), which assumed an implied revenue compound annual growth rate of 15.1%. The Board of Directors directed Moelis to use, and rely on, the Projections in connection with its financial analyses and for rendering its fairness opinion in connection with the Merger, as described in the section of this proxy statement captioned “The Merger—Opinion of Moelis & Company LLC”.

Basically they made up an estimate and used it as part of the justification that the offer was fair! the rational for the sensitivities and how numbers were arrived at is important information that is non-public.

FFTT
JBAIN

Well we all know the BOD and execs are party to a FIRE SALE at this point in time...imao..r

Form DEFA14A filed
https://ir.avidbio.com/node/21216/html

I know the area well and the fires are not near Avid.

Interesting. Got a call from "Avid Bioservices"...reminding me about the vote and offering me help to do so.

According to this dailymail interactive map there's a "active fire" about a mile southeast of avid?... https://www.dailymail.co.uk/news/article-14260453/thousands-evacuate-pacific-palisades-los-angeles-fire-california.html ...r

Equivalent to dealing off the bottom of the deck for the Wall Street crowd. Signaling something I would think. All IMO
The sleaze oozing out in pre and after market:)

>>> RISK ARBITRAGE SEEMS TO BE IN PLAY HERE!<<<
Risk arbitrage, also known as Merger Arbitrage, is an investment strategy to PROFIT FROM the narrowing of a gap of the Trading Price of a Target's stock and the acquirer's Valuation of that stock in an intended takeover deal!! ... We, the shareholders whom have bought their shares unlike most directors and board members now must decide to either WAIT OUT the merger to receive the low $12.50 offer, or to WAIT & SEE IF a new offer will materialize!!

Management or MISmanagement of CDMO should be utterly ashamed of themselves and ILL BEGOTTEN GAINGS at Shareholders expense!! All IMHO as always ...

2 days in a row …a trade at 6am for 2 shrs at $12.95?…r

Who knows what might happen but I wouldn't put it past Ampersand to portray some kind of problem with merger causing SP to fall then covering the 11.7 million shorted shares and then announcing everything is fine and maybe bumping the offer up .50 or a buck. IMO these characters are a seeding bunch and demonstrated they will do anything to buy a company cheaply by screwing longtime shareholders.
I just can't trust these a..holes. I have sold 75% of my CDMO holdings and deployed it elsewhere. I hold my other 25% for hopefully the $12.50 or whatever.
It's been an interesting ride and has really change my view on small public companies and the sleaze that prays on them.
America used to be work hard build a company and you will make million's
Seems like today it's ok to screw as many people you can on your way to million's.
Mr St Nick you should be utterly ashamed of yourself!!!

Could be a sign they don't have the votes. If so the shorts will be on the correct side of these trades.

Institutional ownership had been 122.45% but jumped yesterday to:
Institutional Shares (Long) 79,498,386 - 124.29% (ex 13D/G)
Even more shorting?

They probably had buyers in Ampersand in the waiting. Nick getting his ill gotten gains while they consolidate the shares.

Does anyone out there think all the shares traded around $12.30 have actually been changing hands? I wonder if they have the votes. Also wonder how long it took to execute Nick's sell order(s).

FFTT
JBAIN

Got mine today. Voted NO, NO, NO!!!

Shareholders should stop it by voting NO

Well, I came to a different conclusion - they don't have the votes, hence insiders sold a lot end of Dec for about $12.22

I believe they won't have the votes, so I sold part of my position. Share price may not drop much, if at all, since the intrinsic value of the business is worth north of 20 bucks

So true. I still can’t believe that none of the 4 law firms have filed anything to stop this travesty.

I would be shocked if they didn't have the shares needed. These scumbags are really good at being scumbags. I would say that not having the votes would be more incentive to sell while 12.30 a share is still on the table. If the no votes win the shares will take a hit. So better for the thieves to cash out while they can.
May they rot in hell.

proxy arrived today. Everyone should read the details, especially the section on projected revenues and EBIDA. that will be the tough part for anyone who decides to ask for an assessment of their share value. With Nick and others selling out, one has to believe they have the votes to approve.

FFTT
JBAIN

They call it scum on the underbelly of Wall Street,
Happy New Year!

Is Nick lying when he says that this is in the best interest of the shareholders? If not then he believes that Avid can’t fill the $400m+ capacity he built or that when it does the share price won’t be above $12.50. He is a lying pos.

I also voted no, not that it matters. I’m sure they have it wrapped up. I’d like to know if any of the 4 law firms are pursuing this. Anyone know?

Happy New Year fellow longs.
That despite not being gifted any lubricant in our Xmas stockings by the corrupt management and board for the painful scrooging we received in stealing the company from loyal shareholders. I wonder how far back the plan was hatched.

Perhaps we need therapy and rehab to wean us off the unhealthy addiction many of us have had with this company/stock.

My vote is in.

Lyrics from the Amy Winehouse classic song Rehab are in order here;

They tried to make me go to rehab, but I said, "No, no, no"
Yes, I've been black, but when I come back, you'll know, know, know
I ain't got the time and if my daddy thinks I'm fine
He's tried to make me go to rehab, but I won't go, go, go

https://eresearch.fidelity.com/eresearch//evaluate/news/basicNewsStory.jhtml?symbols=CDMO&storyid=202412300900PRIMZONEFULLFEED9324936&provider=PRIMZONE&product=FULLFEED&exConsumer=Alerts

When this passes
When do we expect to be paid for
Our shares

THE "GRINCH" HAS A NAME _________ NICHOLAS GREEN!!
The best person to ever be involved in Peregrine and CDMO, was Dr. Philip Thorpe, and we saw what happened to him! [/I] Though many here, refute my old claims that he did not die of Natural Causes, he was attempting amazing things; until his untimely death, and then the sabotage of the trials almost destroyed this company! . . .

After rising up like a Phoenix out of the ashes all the way up to just about $35 a share, The total lack of fiduciary responsibility, lack of fulfilling all the new total capacity, and the Viral Vector capacity, though the backlog grew the share price dropped!

These immoral Clowns that tank the shares, due to their ineptitude in financial matters should be held liable and accountable under the law, imho! ___ Funny as it seems now instead of pouring all that money into the viral vector buildings, they should've bought bitcoin and socked it away, and the stock will be well over $100 Now!

So I'm not being mean nor cruel when I called them clowns and self-righteous buffoons who gonna walk away with untold riches while long-standing shareholders, eat the scraps! Though it's not as bad, obviously as you managing shareholders of which I was one; The immorality of Wall Street, and the company executives is almost beyond comprehension! A joyous new year to all longs, and I pray that you take your proceeds and reinvest it and double triple even quadruple your money that are executives could never do! Ciao

“Significant” value to our shareholders ???
Just to himself and VP’s because they got their shares for free
What a jerk!!

“With this milestone behind us, we are one step closer to completing this transaction and delivering significant, immediate and certain value to our stockholders,” stated Nick Green, president and CEO of Avid Bioservices. “We continue to firmly believe the transaction is in the best interest of all Avid stockholders and we encourage stockholders to vote FOR the transaction today.”

Duplicitous lying scumbag. Why sell now? They f-up the convertible notes going from 1.25% to 7% and tank the stock. They allegedly get a low ball offer so they check for other offers and get a small bump to the low ball price. That's doing the shareholder's a favor? Just say no to the low ball offer. Or make a counter offer of $20, or about 60% of the previous high before they purposely f-ed things up. POS!

OUR PEREGRINE DOVE DOWN ALMOST AS FAST AS THESE PEREGRINES!!

Received proxys from Schwab and Fidelity. No No No

HI Paul yeah I know with HGEN .... I DO BLAME FAUCI & CREW, NIH, FDA, VAX PROMULGATORS for the demise of HGEN!! ___ The skewed trials with Remdesivir aka Veklury, a FAILED DRUG ordered by Fauci and his immoral cohorts, doomed HGEN's drug in trials because adding Remdesevir as an adjuvant caused the false, skewed results!!! It was akin to sabotage much like our PPHM Trial for Bavituximab that WAS SABOTAGED!!! WE persevere and move forwards, sometimes licking our wounds Brough forth by others greed, avarice and immorality ... and Nick Green is another one, walking OFF with obscene profits on shareholders backs!!! Blessings and include you in my prayers always!!!

Finally got it, No No No

Proxy came in email. Voted NO

Yes.
Voted No No and NO

I don't think many here lost as much as I did, due to FDA. I had peeled off most of my profits from Avid and channeled into HGEN. I sold most of my Avid between $15 and $26 putting it into HGEN. Sold most of the little I had left today at 12.26. Disgusted with CDMO mgmt, as most of us are.

http://archive.fast-edgar.com/20241226/AM2ZEQ2CZ22HPZZZ2M272ZYZQ3PFZZP2Z262/

http://archive.fast-edgar.com/20241226/AN2FIQ2CZ22HPZZZ2M2S2ZYZ78KGZZP2Z262/

http://archive.fast-edgar.com/20241226/AT25TQ2CZ22HTZZZ2M222ZYZ3AGIZZP2Z262

http://archive.fast-edgar.com/20241226/AP22EQ2CZ22H3ZZZ2M232ZYZD5WP8ZP2Z262

As Cher sang; GYPSIES; TRAMPS & THIEVES!!!!

GREAT!!! So many of us got killed on HGEN as FAUCIFRAUD DESTROYED BIOLOGICAL COMPANIES 

Note HGEN's CSO charged with 10b5-1 fraud. Waiting extradition from Switzerland  BTValue board has some detail, per Dew Diligence.

All that money for failed Leadership and failed fiduciary responsibility to shareholders?? Avid BOD leader Joe wrote a book on " The Touchstones of Leadership: Essential Principles for Business Leaders" what a joke!!!

http://archive.fast-edgar.com/20241226/AO2PPQ2CZ22HSZZZ2M292ZYZ2URDZZO2Z262/

http://archive.fast-edgar.com/20241226/AP23E22CZC2232Z22223224ZD5WPZJC2B262/

I Guess that Nick Green is having a Merry Old Time!!!! ____ Sell OFF all shares, then onto the next PREY!?? _____ Old NOTSAINT Nick is a d!ck huh!!!!!