Avid Bioservices Inc (CDMO)

[Hypi]

Yes I do feel management wanted a RS as they continued to run the ATM, while the entire pps kept plummeting. Even the last CC was fraught with comments that did very little to support the stock price. In fact we were up at .40 going into the call and the next thing we were back to all time lows.

A company has thrown in the towel at .30 to avoid a RS as they need a 300+% gain to get over $1. There was no intention to avoid the RS and there are several reasons why they would rather the RS. I stated them in previous e-mails and I've seen it plenty of times, while working for a company that went thru the same process.

Right now these guys are over paid and compensated, while us shareholders have been fleeced. They announced the partnering because the damn stock was trading so low and they realized the ATM couldn't raise enough money for AVID3 or continuing testing & FDA approvals.

I will say investors buying in at these levels have a great chance for a 10 bagger in a very short period of time, if this is the real deal. RS and these guys failed again. By the way nobody is going to do a 2-1 RS as it makes little sense.