Avid Bioservices Inc (CDMO)

[bidrite]

No! It is not bad in itself but just a mathematical equation. However, if they do it, what follows will be bad for we longs that have been here for any length of time. Unless of course, we have increased our holdings in the last couple months 10 times

Yes, the mechanism to account for a R/S is a net neutral event. Immediately following the announcement is generally not good for shareholders, especially when it is caused by a massive failure. Let's not get caught up around if the mathematical equation itself nets out to zero, but more around how does Management decisions impact our investment. That is really whats a stake.