Avid Bioservices Inc (CDMO)

[cjgaddy]

Total INST.+LARGE Holdings now 23,633,450 42.4% (6-30-18)

12,177,901 21.8% INSTITUTIONS* https://www.nasdaq.com/symbol/cdmo/institutional-holdings
+ 11,455,549 20.6% LARGE SHAREHOLDERS via Forms13/14 (Tappan, EasternCap/Dart, Ronin/Stafford)
------------
= 23,633,450 42.4%

* TAPPAN 9-30-17 pulled from Nasdaq Inst. Holdings; picked up via 2-14-18 Form 13G a/o 12-31-17.
. . . . .Nasdaq-INST a/o 6-30-18: (15,048,901 – 2,871,000/Tappan) = 12,177,901
Ownership %’s based on 55,793,107 common O/S at 7-10-18.

5 LARGEST SHAREHOLDERS:
1. Tappan Street (Prasad Phatak): 4,516,107 8.1% (a/o 12-31-17 13G: https://tinyurl.com/yd7xkdzg )
2. Eastern Capital (Kenneth Dart): 4,300,992 7.7% (a/o 12-7-17 14A: https://tinyurl.com/y7qprpg9 acq. 10-2015)
3. Blackrock Inc. (Larry Fink): 3,261,288 5.8% (a/o 6-30-18: Nasdaq Inst.; +2,502,164 q/e 6-30-18)
4. Ronin Trading (John Stafford III+Roger Farley): 2,638,450 4.7% (a/o 4-17-18 13D: https://tinyurl.com/ycf7d2uk )
5. Vanguard Group: 2,209,525 4.0% (a/o 6-30-18: Nasdaq Inst.; +250,155 q/e 6-30-18)
...Note: Former #4 Kennedy Cap. dropped 1,923,244 q/e 6-30-18 to 692,118.

= = = = = = = = = = = = = = = = = =5-15-18:
re: TAPPAN: I have a new theory as to what's going on w/TAPPAN. I think they may have switched to the Form 13/14 method of reporting and NOT via Nasdaq INSTITUTIONS.
Ie, like EASTERN-CAP(Dart) and RONIN.
The last time they reported to Nasdaq INST. HOLDINGS was a/o 9-30-17 (as we know) – it’s still there, showing 2,871,000(a/o 9-30-17).
https://www.nasdaq.com/symbol/cdmo/institutional-holdings
BUT, remember this:
=> Tappan filed a 13G on 2-14-18 showing holdings of 4,516,107, a/o 12-31-17.
So, maybe they've shifted to Form 13 reporting which DO NOT SHOW ON NASDAQ INST. HOLDINGS - just like EASTERN-CAP & RONIN.
...Ie, the Tappan 9-30-17 2.9M entry s/b NOT even be there on Nasdaq – it’s no longer applicable.
That's my theory!
If that’s true, their 12-31-17 holdings of 4,516,107 is still correct and won’t change until they file another 13G to change it.
ALL Tappan St. (Prasad Phatak) filings:
https://www.sec.gov/cgi-bin/browse-edgar?company=tappan&owner=exclude&action=getcompany