Avid Bioservices Inc (CDMO)

[jakedogman1]

KT thanks for the insight. PPHM mgmt could move the pps now if they so desired. My guess is they know what's going on and it benefits them that the acquirer gets cheap shares. I'm also sure that buyout scenarios have floated across the conference table at their mtgs w/ BP. For example, if a $1.5 bil market cap was in the works which would equate to a $6.50 share price (ballpark assuming 230 mil shares fully diluted), the more shares an acquirer gets for $1, the higher price they can pay at the end of the day for the $1.5 bil mkt cap. IMO mgmt has been lying low and letting someone get cheap shares. Note the website has no upcoming events. Mgmt has been very quiet. They could bust the shorts if they wanted to.