Avid Bioservices Inc (CDMO)

[defender91]

Maybe he has wind of a redemption of prefs and took the 2.565 profit before it vanishes , it would not be difficult to replace the 10% div with an interest rate more applicable to our current financial situation, If it happens look out , I believe a lot of the preferred has been purchased with the proceeds of shorting the common, its been a positive carry since inception, our short position has been hovering at that 2 million mark for a very long time, I think our CFO has the smarts to get it done , under these conditions I would not want to be short this stock under any condition .