Avid Bioservices Inc (CDMO)

[sulaco]

Paul, the fact that PPHM has waited until the last moment makes me think they have something.

If Nasdaq said NO, one might consider that PPHM would come right out then and there with the RS.

Could they be giving time for others to get in or "top off" what they have?

Not sure. But the timing seems unusual, to say the least.

If an RS occurs, be CAREFUL. Great news could follow, as has been discussed here recently.

Potential buyers need a higher price point to deal with. (Remember the corresponding outstanding share count drops considerably).

Lytle can then use authorized shares to maintain control. Many different scenarios have been hashed out recently.

You must keep in mind that an RS might be the very path to partnership, and thus the WORST time to sell.

We're just not privy to very much at all.

You are divesting blind, which I don't like. You don't know what's in the cards, even after an RS.

Think about it. I hope you've been selling 1 share a day. LOL

Take care, man

Joe Six Pack