Avid Bioservices Inc (CDMO)

[senrex]

Regarding a RS: let's say it's 1:10 (at the present PPS, that's the only number that would make sense). I don't agree that it is a neutral. In terms of sheer worth, yes. However, let's say I hold 15,000 shares and I was calculating holding till PPHM hit $50 (before, of course, the SUNRISE debacle). I was counting on selling at a profit of approximately $750K. After the split, I'll own 1500 shares. At $50, I would have only $75K. The share price would have to go to $500 to recoup my original calculation.

THAT is the crime. I've already gone through the 1:5 RS and had 40,000 shares reduced to 8,000. Do the Math. It ain't pretty.