Avid Bioservices Inc (CDMO)

[jakedogman1]

Italian Trader

I agree with you that PPHM is under accumulation and by a big player (or several). I think they are using the Russell rebalance day as a smokscreen. My guess is only 5 to 7 mil shares were needed for rebalance. As you indicated, they probably shorted the stock to get the position because as you said, nobody had 23m shares on June 30. My guess is the acquirer is using hedge funds to get the shares at a prearranged price. Unfortunately hedge funds operate with impunity.

Here are events/actions that support accumulation.

The poison pill by PPHM. King has said several times BP and BB have shown interest in PPHM. I spoke with King on a couple of occasions and he said the value driver is human data and they will not sell out until the value is obtained.

Institutional interest has been increasing along with short position.

The news has been positive and PPHM is on the verge of a tech breakthrough with human data.

I also think mgmt is aware of what is happening, they really can't do anything and they want institutions to own the stock.

As I said earlier, this is just like SNIC several years ago. The stock hit $8 than was shorted to $3.50 while short interest increased and institutional interest increased. The bashers came out of the woodwork all against a backdrop of great news. The same thing is happening here. All IMO.

Be patient and accumulate if you have the