Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If I may suggest, is it possible the placement was done as leverage to give any potential acquirer the impression they are set in going it alone? This action may stir the pot and bring in a higher offer, and ultimately, a higher PPS for shareholders.
I picked up some shares today when the price dropped below $20. Seemed like a bargain knowing EUA is imminent.
HGEN has a video in the P3 PR showing the manufacturing of Lenzilumab. It wouldn’t surprise me if the clip was filmed at Avid.
Good to see we are getting some legs today. Felt like we were anchored between $16.50 and $17.
Congrats HGEN longs! The next leg up will occur any time now. Will it be an acquisition or quick EUA?
I would have thought we would have gotten some residual volume from the HGEN announcement. Maybe open trading will change it.
Yeah, we’ll need to cross our fingers for HGEN. It won’t be too negative an impact on CDMO if results are not favorable. The upside is certainly fantastic. Enjoy the ride!
BTW, north40000 and Cheynew are other CDMO holders with HGEN interests and with good understanding of the mab world.
Those of us long term investors of CDMO are cheering on HGEN in the coming days. Avid has the manufacturing contract for Humanigen. Should the results be good we, too, will see a positive effect.
HGEN will likely inhale and exhale for the next week. Patience to all!
Hopefully we get a bounce towards $20. I am thinking the market may falter depending on the fed chairman’s comments. It could get interesting.
Royal Bank initiates coverage.
OT: HGEN market cap is $860M. I’ve seen estimates after approval as high as $1.5B. But nothing is guaranteed.
HGEN is the catalyst for us.
I am a bit surprised the run up is starting this early. Thought ‘they’ would wait until after the 12th. This might just be retail though.
It makes you wonder how much of the backlog is due to Avid vs. the request of the customer.
AH is looking good.
It won’t happen overnight I know. But with the new funds there is some opportunity beyond our current knowledge.
My guess is they close the preferred shares, use a bit to help with expansion and the majority of the balance is an acquisition to purchase more immediate capacity that is needed once fast track approval is made.
Capacity beyond the $270 million already will do what to the stock price?
Agreed. It’s in Fidelity’s (and our) best interest of the stock price goes beyond $28.
Ready, set, go!
Agreed. Now it’s just a waiting game.
My reference was about years ago when the preferred was first established. Someone made comments that it was a net zero transaction despite the 10.5% interest. Spun well, but circular.
Remember when someone was saying the preferred were a no lose activity? Paragraphs and paragraphs about how it was a great thing.
Not all of the regime are gone.
The PR firm is a good indication of forthcoming shenanigans. I didn’t sell enough when my gut said to. But at least I’ll be able to buy back much cheaper.
We don’t need temporary hype. Fundamentally strong company with bright future. CDMO will recover and then some.
A good call on Monday followed by analyst coverage and upgrades will help in the short term. Long term is very positive. Avid is poised and readying itself.
Looking forward to Monday’s earnings report and cc for some clarity. Cannot see many negatives that were worthy driving the market cap down as it has been these past two days. Even raising cash for the buildout is a positive.
Green and going greener!
If not the ATM then someone is hiding their sell in the general market collapse. Either way, we are down much further than the market.
Not sure why all the surprise. It appears the old PR firm has been hired to pump CDMO. They came back on board a few weeks back. Company must now be selling the shelf for the buildout.
A little Thursday morning wood. Bid at $19 pre-market.
Another signal Avid needs to release news more often!
Right. I suspected Tappan would eventually sell just like Ronin was forced to do. Holding their shares is a good sign.
Interesting! May be a good time to load up.
Yes, seems excessive in comparison with the rest of the market. Almost like the Peregrine days!
I timed it spot on. Sold 25% and rebought at 80c less.
Maybe...
My guess, the pullback is now imminent.
I will take a third day of closing over $18 while CDMO catches it’s breath.
The daily chart is one of the most perfect “U” shapes I have ever seen!
A new analyst PT would give this some legs. But I am glad we closed above $18 two days in a row.
Good recovery today. Very unlike PPHM/CDMO of old.
Dare I say I bought more on the dip.
$18.86 is what I see. Can we surpass $19 or even $20 tomorrow??
Yeah, this all feels like that shift of the wind right before the storm. You don’t see the clouds yet but you “feel” something a brewing. And this seems to be very positive. But why the small share trades?
Not much volume but still something you have to raise your brow at. If we open at $18.50 tomorrow I would be delighted.