Avid Bioservices Inc (CDMO)

[InternetForumUser]

ATM By the Numbers from 1/31 to 3/13 are absolutely mind-boggling:

PPHM Management has stated that their goal is to get the PPS over $1.00 in order to stay NASDAQ Compliant. They are going to wait until they receive a notice and then will file for an extension. If this was a PRIMARY GOAL, why not wait until then to USE THE ATM?

Over the 29 Days spanning the aforementioned dates:

Total Trading Volume: 163,177,100

Total ATM/Equity Shares Sold: 26,581,596

Averages out to 916,606/Shares every Trading Day

ATM Accounts for 16.3% of the Entire Trading Volume during that time

IMO, this is an example of someone who is sabotaging themselves and then wondering why they didn't achieve their goals. How can a group say they are doing everything they can and yet their actions show they were doing everything they could to NOT Achieve what they needed to?

PPHM Management has to be one of the greediest and clueless group to have existed or they are outright lying.


**IR responded on 2/25 that the RS would be a last Resort and yet over the next 11 days, PPHM continued to dilute. So someone is outright lying about their intentions***
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