Avid Bioservices Inc (CDMO)

[westjtter]

Well the short answer, is I have no idea, but also not really sure what triggered the first leg up and then of course the leg back down(well the down is easier than the up as no doubt some of our convertible financing issuers probably led the shorting charge once they realized that converting was off the table)!

But a possible answer would be a solid beat for this year and increased projections going forward. During the CC, it really did sound like Nick was possibly hinting that they may beat their projections...just they way he spoke and at that time he would probably already have a pretty good idea since the next quarter was almost over by the time they had the delayed CC.

Now if I am wrong here, I will be gravely disappointed, but I am going to say that they break $150 mil last year beating their $137 to $147 projection. Now going forward, they really have to start ramping up and taking advantage of their unused capacity so is there a chance they do $175 mil plus?

And finally, they have used this $400 mil as max capacity for over 2 plus years now....with the ongoing inflation, I am going to say this figure is too conservative. I also believe that once(if) they get closer to $400 mil, they will be able to squeeze out a little more....maybe a fair bit more, but that is all speculation.

And with Steve C in the picture, anything can happen....if he is going for a quick trading profit, we will pay the price...if on the other hand he sees something more....well we just may benefit!