Avid Bioservices Inc (CDMO)

[The Other Guy]

my guess is they sold atm shares on the ebola pr...

IF the ATM was used to sell into the ebola PR, the shares would have been sold between $1.50-$1.80. Yes, it's dilution but the cash on hand would have increased. Because it was done at a higher PPS the shareholder value (if I may use the term in it's proper context) would and should be higher.