Avid Bioservices Inc (CDMO)

[westjtter]

Very strange trading week on no news....to be up over 7% on Friday with volume under 300,000 just adds to the mystique of the week!

We start Monday at $7.60 and then just basically trend lower all week and then go below $7 on Thursday only to finish up the week at $7.50 Friday!

What does it mean?? Who knows....all I know is that I am a buyer every time it goes below $7 and was again on Thursday. Based on which industry they are in, and with the risk of failed trials now off the table, it really is close to a no brainer to pick up shares below $7.

We may again dip down this week or we may make a run at $8, but not sure if it really means anything until we get some news on expansion and or an increase in our revenue projections going forward.

I am hoping that Nick will become ST Nick and give us his vision for where he sees this company going in the next couple of years.

In the end, I still see us as a buyout candidate but don't want the bidding to get serious until our share price is well into the teens.

Maybe/hopefully the ASM will provide us with some solid clues and info of where we are going and when.