Avid Bioservices Inc (CDMO)

[Frustrated]

Exactly, the run up to $3 on 60 million shares happened to fast for mgmt to help their buddies out otherwise they would have sold ATM shares at the same price and saved the shareholders 10% interest. Instead they had to wait for the preferred prospectus because it is not really about what is best for the company and/or shareholders (just look to the BOD personnel and their outrageous money packages). It was a win win for mgmt.'s friends and neighbors since their buddies just shorted into the run knowing they would be getting the shares eventually. This is one reason significant news is always released pre-market. All imo.