Avid Bioservices Inc (CDMO)

[Hypi]

Just another day of nothing and remember if they do the RS we will immediately drop to under .50 before it actually transpires. Pretty standard operating procedure for all stocks that do a RS to have at least a 10%-15% move down and then the split. People bail right away when its announced and then the RS is shorted right after it happens. In most cases you lose 25%-30% of the value upon the completion of the RS and the subsequent selling and shorting on the following days. Only way to avoid the selling is to make a big announcement after the RS to stem the tide. Probably our best hope after the RS is announced.