Avid Bioservices Inc (CDMO)

[eb0783]

To illustrate why we would want shares on the shelf......

we also have CDMO currency (shares) to pay for an acquisition or merger that would instantly or quickly give us capacity

SEE: https://finance.yahoo.com/news/intellia-therapeutics-announces-closing-690-200100698.html

In case some haven't noticed, Intellia went from $87 on 6/25 to a high of $175 on 7/1. On 7/2 we have a done deal for shelf shares totaling $690 Million. They were ready to take advantage of the opportunity due to shares on the shelf by a good management team.