Avid Bioservices Inc (CDMO)

[skweze]

We have seen several huge volume days this days not supported by any event of immediate significance and instead weakly attributed to internet posts or other non-drivers.. I suspect there was more to it than that unless millions of investors simply woke up one morning with an irresistible urge to suddenly pile on.

I don't think you're giving insiders enough credit, Geo. People who know, I mean really know an inside piece of info are NOT going to pile into 20 million shares PPHM common the day before a deal is announced. They are going to do it 1-3 months ahead of time. That way, after they have a position and the stock drops 50% they can tell the SEC, "Now why would I have put $50 million into a stock when a month or two later my position was valued at $25 million if I knew a deal was coming?" It's the perfect crime. Insiders are not stupid enough to blow the lid off a low floater the day before a deal is announced IMO