Avid Bioservices Inc (CDMO)

[cjgaddy]

Re: Eastern/Dart 9-29-17 Form4: Maybe, but he’s been under 10% for a few months now, so how could that be what triggered it now?
Also, the box X’d says, “if no longer subject to Section 16.”, but then also says, “Form 4 or Form 5 obligations may continue.” Is that maybe a diff. between 5% and 10% requirements?
Finally, another strange thing about this “3. Date of Earliest Trans: 9/11/2017.”
The whole thing is weird (to ME)!

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9-29-17 Form4 Eastern/Dart:
https://www.sec.gov/Archives/edgar/data/704562/000140840817000032/xslF345X03/ecl_pphmform4092017.xml

10-30-15: Kenneth Dart (Eastern Capital) acquires 9.5% (presently) stake (4,300,992sh.) in PPHM http://tinyurl.com/y95yskck
...3,777,183 COMMON – 8.4% of 45,096,081 common O/S at 8-25-17 (total beneficial=4,300,992 if Pref. conv. x1.19 to Common, 9.5%)
...440,000 PREFERRED – 26.7% of 1,647,760 preferred O/S at 1-31-17
…...9-29-17/Form4: http://tinyurl.com/y9oadloa ???

8-2016: One 5% Stockholder: Eastern Capital Limited (Kenneth Dart), Grand Cayman Islands
...from Form14A ASM Proxy http://tinyurl.com/ybu8nr7l
8-2016: “The info. set forth herein is based solely on a Schd. 13G/A filed 11-2-15 by Eastern Capital Ltd. The number of beneficial shares owned (30,106,945sh.) includes 3,666,667 shares of common stock that could be acquired upon conversion of the 440,000 shares of Series E Preferred Stock held by Eastern Capital.”
11-2-15/E.Cap 13G & Form3: http://tinyurl.com/pexs62e & http://tinyurl.com/ns2s9p6