Avid Bioservices Inc (CDMO)

[stoxx]

Makes one wonder how difficult it would be to illegally accumulate shares by this method of 'parking and warehousing' shares? This year 11months from 2/26/16 to date traded over 354m shares in a range of $.50-.29 and short interest has dropped to 685,500 shares from over 11m shares in May/2016 yet driving down PPS all along and now sits at 52week low $.29 with a very tight channel trading 2017. How difficult would it be to accumulate over 100m+ shares by this method? Under the radar all along without raising any eyebrows? 2014 538m shares traded, 2015 287m shares traded yet who is buying and selling? Institutional and insiders account for about 50m shares but not sure how many shares retailers own.

Again: Parking and Warehousing -- These involve a person holding shares which are actually controlled by another person whose identity is not disclosed, sometimes through nominee or fictitious accounts.

Warehousing is the process of accumulating shares in a company for the purpose of eventually acquiring the firm.


https://stockcharts.com/articles/wyckoff/2015/06/accumulation-phase-absorbing-stock-like-a-sponge.html