Avid Bioservices Inc (CDMO)

[realist1]

RE "CALICO gives us a Line of Credit for $2 Billion for expenses and R&D
We give them 175 Million shares or 35% of total authorized "

$2 billion / 500 million shares = $4 per share AKA a lousy 80 pennies pre-reverse. A LOSS for long term shareholders.

DILUTION KILLS absolutely, and absolute power over issuing shares absolutely kills PPS.