Avid Bioservices Inc (CDMO)

[tech0200]

I was misunderstood. The quote was taken out of context. I said if this was a bull market and the pps was much higher but the company's future net income prospects looked bleak who would pay a premium over the current pps. Nobody would.

Likewise, the company would not accept a premium over a very depressed price when the company's future income prospects look great. The future income prospects should determine the buyout price much more so than the current pps.