Avid Bioservices Inc (CDMO)

[sulaco]

TS III can't have insider info on an imminent deal

That's illegal. He knows that.

So he's bought over months and months because he clearly believes in SOMETHING, of that there is no doubt.

I do think Ronin does better BEFORE the RS, and in fact, planned it that way. If the PPS takes off with some deal, (and that remains a distinct possibility), Ronin will be able to buy LESS due to an accelerating stock price.

OK, the PPS today is $0.60. Let's say for PPHM, with an exosome partnership and licensing, as well as upfront cash and milestone payments, the PPS goes to $4.57

Would Ronin be happy buying at $4.57 pps? Of course not. Too much capital outlay. Liquidity applies to individuals as well RC. Better to back up the truck at ultra-low rates. Which TS III has done.

Best,

Joe Six