Avid Bioservices Inc (CDMO)

[jakedogman1]

After yesterday's action, I smell a put coming. Also, in the cc Lytle said they have enough cash to fund thru July. IMO, they need to keep topping off the cash tank until they pull the trigger with BP or BB. Otherwise the big boys smell weakness, cause a delay and than pounce when PPHM is weak. Another theory is mgmt already has a deal and they are letting BP accumulate on weakness. The more shares BP buys on the cheap, the higher end price. In any event, mgmt is not doing anything to support the price. I don't think they really care about the retail investor.