Avid Bioservices Inc (CDMO)

[tech0200]

I would agree that management credibility is a factor. You can only string along people for so long before they stop believing you. And they have done that with the "we're in talks" statements over the years.

But I think there are also outside forces with perhaps connections inside and outside the company messing with this stock. Take the DIOS deal announcement about ten minutes before the close a number of years ago. The deal put the market cap barely over the Russel 2000 limit. Every place had a closing price that put us over the limit to stay in the Russell index. But then jazzbeerman found out I believe at NASDAQ that the last sale of the day was a 200 share trade at a price that barely kicked us out of the Russell. There were a few trades of 10,0000 shares or more right before the 200 share trade which would have kept us in the Russell.

How in the world can somebody time a trade of 200 shares to be the last trade of the day unless whoever placed it had connections with the market makers and/or NASDAQ? We got kicked out of the Russell which forced all of the index funds to sell PPHM. Somebody must have made a bundle shorting the stock knowing full well that we would get kicked out of the Russell.

Then take the put that was bought way of the money for $20,000 and then somehow after months the price drops big time and the put was way in the money and whoever bought it made about one million in profit. How in the world would whoever bought the put know that there would be no news or catalysts that would keep the price the same or stay above the put strike price? This suggests that the put buyer knew there would be no such news or catalyst and probably shorted the stock too. You can guess how the put buyer would know.

These are two things that it's very hard to believe would happen but actually did. Now the trial label switching is way bigger than those two shenanigans. Somebody has it in for PPHM and you can guess who or why.


So I think management and nefarious outside forces have everything to do with the current pps.