Avid Bioservices Inc (CDMO)

[eastcoastguy]

They have plenty of capacity to do up to 100M a year in revenue. Let's get off the 55-60M revenue projections before we start talking capital raise. Heck they are not too far from breaking even and in their industry major contracts come with start up $.

The MM's ran it up on a good but not great CC. They've been scalping shares on the bleed off between 8 to 6.5. Not surprised to see the large AH transfers. Looking at the just released II list I'm no expert but it looks like solid investors. My guess is we are close to contract announcements and after that the only shares available will be those held by many of us when we decide what station we want to get off at. I laughed to myself when I looked at the II list and realized where I stood. Not proud of that, bought way too much of this averaging down all these years. Hopefully some day it pays off. Patience grasshopper!