Avid Bioservices Inc (CDMO)

[EndoTarget]

12 million shares were traded since last 20+ close.

Those were traded with an inexistant float.

So we went from 20-21+ to 11-12 the last 6 weeks.

We are standing at 120% of OS owned by II...

How 12,000,000 shares can be traded with an illiquid stock?

Easy.

Broker A sells to Broker B sells to Broker C sells to Broker D sell to Broker E sells to Broker ... sells to Broker AA sells to Broker AB sells to Broker AZ sells to Broker BA who then sells to Broker A and the cycle repeat.

Broker or MM as you wish.

10,000 shares sold 1,200 time gives 12,000,000

Is this manipulation?