Avid Bioservices Inc (CDMO)

[ElSid18]

As I noted previously, there was a gap on the chart from $6.40-
$6.75 which we raced thru with little resistance...The volume is
a great confirmation of the move, and I am hoping we approach the
3% of float by EOD (1.5 million) which is a high bar...
On a fundamental plane, let's not underestimate two factors which
are now in our rear-view mirror....
1) we have seen the end of reverse splits....
2) we may no longer need to raise cash by stock dilution....
With that in mind, and break-even on earnings coming soon, the
company is more solid now than it has ever been.......
After some consolidation at the 7 level, we should get back to
the old highs of $8.60, given the re-evaluations coming in by
the gurus of Wall Street............GLTA..