Avid Bioservices Inc (CDMO)

[jakedogman1]

look at the chart from early mid jan 2017 thru mid feb when they did the capital raise in mid feb... my guess is the same thing is happening here but I doubt the drop as big as last time for the following reasons:

1. capital raised will be for expansion.. expect contract activity announcement with expansion ... all WAG but one doesn't have four biz dev folks for 40 mil available rev...

2. old regime gone and better mgmt team

3. larger institutional base w/ russell inclusion... shares are becoming harder to get

4. new mgmt team and finance team will develop the go to players with more horsepower and institutional investor base... good riddens PL and his atm..

I expect onward and upward once the capital raise and dilution questions answered....