Avid Bioservices Inc (CDMO)

[Protector]

cheynew, yes I noticed. I didn't comment a lot on the previous ones because the changes indicated 'strategy' behind the curtains and so I have no much to say about these ones because they are no more then the spring extending back after being compressed.

Every SHORT SELL must be compensated by a LONG BUY to close the position. PPHM didn't take the doom projected drop after the NASDAQ letter because the market believes PPHM has a case (otherwise we'dd be at sub 0.30$ now).

Now, there are still about 2Mil short shares (from the 2.9Mil) that need to close. With Ronin clearly not stopping to invest (actually they made 200Mil on their previous investment and only spend about 6-9% of then in PPHM and PPHMP). SO I think we will see Ronin invest MUCH MORE at least until he reaches 15% -1 share. If he talks with PPHM and gets a seat he might go behind that and offer them protection against one more sophisticated way to circumvent the poison pill that i will not disclose to not give bad ideas.