Avid Bioservices Inc (CDMO)

[tradero]

Thanks Golfho for your reflections.

I guess I also need to curl up under my bed in search of some badly needed clarity… It seems it has worked for you

From your post I understood you believe that the reason behind the current ATM selling is to comply with the “Going Concern” clause on a quarterly basis.

On another hand some people here believe that the RS would not affect the number of ATM allowable shares to be sold. Let’s also take this assumption to be true (though that would be very weird)

So, if the two above assumptions are true, wouldn’t it be best for PPHM to do the RS a.s.a.p.? The benefit obtained from selling shares would be MUCH greater.

This contradiction makes me believe either:
1.They expect to make a deal really soon… (in a month or so) OR

2.The RS will also affect the number of allowable shares to be sold

I am afraid is the 2nd option
Best wishes to all longs.