Avid Bioservices Inc (CDMO)

[Carboat]

Not doing shareholders any favor by kicking the can down the road to the last day as the shareprice continues to drop. The RS is inevitable. What could possibly give you a near 300% shareprice increase and get it over $1. End of year seems most likely timing but could be end of quarter. 1:10 As for RS being neutral ....

Charles Kaplan, president of the investment consulting firm Equity Analytics, told Bankrate.com, "It is usually a very negative sign when a company reverse splits their stocks." But how the market reacts often depends on what else the company is doing to reverse its fortunes. If it simply declares the reverse split and goes on with business as usual, investors may see the split as nothing more than a smoke screen, and the price may go right back to falling as they sell their shares. But if the split is accompanied by serious changes in management, structure or strategy, investors may give the company more time to right the ship.

pphm shareholder should be so lucky as to get positive change to go along with the RS