Avid Bioservices Inc (CDMO)

[jakedogman1]

No but I follow the company closely and have a substantial position. I have plotted a graph over the last three years of share price, volume, put price, put volume and major news. The company has historically done their puts at the same time as they released major news. This is one reason the stock price has failed to gain traction. In mgmt's defence, they were able to get the financing and move the number of shares for the type of slam bam financing they have done. I have talked to IR several times about how the financing has kept the stock price down (and they agree). I am hopeful we are within 6 months of breaking the cycle of destructive financing. I consider it a negative when they raise $6 mil and knock off $25 mil in market cap from the financing. At the same time I realize mgmt needs to keep the cash tank full to fund the next twelve months of operations.