Avid Bioservices Inc (CDMO)

[skweze]

Maybe someone will need to get the preferred price back to $25, and then get the common PPS over $3.00 so the lucky holders of the preferred shares can establish an arbitrage position by shorting the common at $3.00. All imo.

Might need to do that for newly issued preferred. No one is going to buy at $25 per share when it's trading below $22 now.