Avid Bioservices Inc (CDMO)

[jakedogman1]

you don't hire all the bus dev folks to sell the remaining $40 mil in capacity. so they need to get the expansion space going, particularly with lead times and fda approval times. my guess is a 3 to 4 mil share placement at something north of $5 per share which would give them the funds to complete expansion (in addition to oncologie payments). the dilution will not be that bad given the upside w the rev potential which doubles to $200 mil. just my guess and placement completed and announced next cc which is prob mid august. just need to keep sp above $5 to keep the institutions in play. and this would remove the major question mark on expansion and how is it payed for. all imo.