Avid Bioservices Inc (CDMO)

[Frustrated]

Not short term at all. You are saying that mgmt would not even look at a 3 billion dollar offer now which equates to over $15 a share. If that is the case, how can mgmt sell any ATM shares at $1.70 or sell any more preferred shares at $3 and 10.5 % interest. It would seem they should be able to have multiple opportunities to sell preffered shares at a 50% discount at around $8 right now unless of course they really have no BP interest and they are the only ones who believe their company is worth 3 billion and if that is the case it is amazing they don't purchase on the open market at a regular cycle which is totally acceptable by the SEC. All imo.