Avid Bioservices Inc (CDMO)

[keep_trying]

CP, perhaps, the recent 10% of shares accumulation is for purposes of being resold to a, to be announced, collaborating pharma? The trading of last week displayed an early market day concentrated sales volume that dropped the pps, followed by millions of shares traded at the lower pps held in a tight trading range most of the day, followed by a shares purchase and pps rebound that looked like short coverage. That seems like it could fit someone's accumulation pattern.

Might the NASDAQ listing threat simply be getting used to loosen hands while accumulation is underway-- on behalf of others with undisclosed interests at timing when PPHM is not quite ready to announce news that reveals unrealized shareholder value?

Should longs care if a hard ball move is underway to place someone on the PPHM Board in advance of PPHM being able to regain its financial strength to continue operating independently? Of course, yes. Do longs know for sure that PPHM is so situated? No... but.

There are too many tea leaves still needing to be read, it seems. Will PPHM clarify by revealing some cards in their hand next week? If a reverse split is to be averted, it would seem that is necessary. Is it correct that the pps needs to base at above about 80 cents for the pps be able to reverse split its way above the $5 pps threshhold needed for some funds to engage? Should holding a $5 pps enabling Institutions to enter even be a concern for PPHM?

Lots of questions before the cc on Monday, LOL

Best wishes and IMO.

KT