Avid Bioservices Inc (CDMO)

[Carboat]

... I already gave my opinion on a reverse split.

It is neither good nor bad. It is neutral.

Of course it is bad. It is an admission of failure. Your company was forced to reduce sharecount just to stay listed. It almost always follows a black swan event like Sunrise.

It is what happens AFTER a reverse split that matters. If at that moment you do not have a price support then the increased, PPS due to the split, leaves more room to be shorted down.

If you can't keep your share price above $1 of course you have no price support.

It is what happens AFTER a reverse split that matters. If at that moment you do not have a price support then the increased, PPS due to the split, leaves more room to be shorted down.

Of course they can't. They bleed money every quarter. They also have trials to run, one hopes.