Avid Bioservices Inc (CDMO)

[4OurRetirement]

Well, In Oct2015 ThePreferred Dropped Under $20/share, So...

They could not sell the preferred at $25... or even $23 with no sales commision and at a discount. In October, PPHMP was forced down below $19 for a bit.

Lots of strong hands trying to force deals I would wager.
So, at least by selling to Dart, they bought some time and forced whomever pushed PPHMP down to lose the grip they thought they had over PPHM.

My guess at one possible scenario could be that PPHM announces a bunch of good stuff and PPS skyrockets to $5 pissing off whomever was shorting and they retaliate, forcing the PPS slowly back to $3. During which time, many retail investors decide they don't want to get stuck again so they bail while PPS drops, happy they made a profit. Shorters cover, II's buy in during following high volume trading. After a while the next wave will take off heading up even higher than the initial price correction.

There will be a couple steps of increase and retail selloff, but eventually PPHM will go Ballistic and Leave the Atmosphere... Interstellar!

That is when I will start to sell bits and pieces of my PPHM position, not before!

GLTA Stockholders!