Avid Bioservices Inc (CDMO)

[InternetForumUser]

The RS around 1987 (TCLN) and OCT/09 PPHM were both to insure Nasdaq compliant status and serve to reload the shelf for later cash requirements. Plus draw in some new investors.

The PPS 52 Week Low was $1.00 and now it is $1.05. I am fairly sure that the PPS will either set a new 52 Week Low and or at least be within a few cents of it by end of this week.

Management has clearly stated that the cash spending will not decrease even after the P3 enrollment is completed.

The Pipeline might have matured but it has not done much for the PPS. So there is definitely a possibility that the company will need to "insure Nasdaq compliant status" and most definitely sure they will need to reload the shelf for later cash, which I am sure the request to increase the allowable shares to 500 Million is to reload the shelf for later cash.

BTW.. I think the word "LURE" is probably better than "NEW" investors in your last sentence.