Avid Bioservices Inc (CDMO)

[Wildhorses]

infofor2016,

"I'm good."

I'm with you. Biggest thing is CDMO has fundamentally changed from a strategy standpoint with St. Nick. Not content to slowly earn as you go to prosperity. The time is now in this space and CDMO just loaded up to become a player. I'm all for it. The opportunity is here. It's time to seize it.

I think it was stockaxe that mentioned this is just noise the last few days. I agree. Watched the minute price/vol bars on 3/4. CDMO went through resistance like a knife through butter on almost no volume. That doesn't happen. Yesterday's sell-off was interesting. Again, it's been explained, but just the big coupon purchasers getting their bennie. I hate it, but it's the way of the world and happens with every convertible issuance. CDMO is not unique.

Final thought. I saw someone mention an S-3 death spiral in biotechs the other day. Did the author of the post know that PPHM did and S-3 financing many moons ago? That CDMO is still around today is amazing.

Regards,
WH