Avid Bioservices Inc (CDMO)

[jakedogman1]

My guess is there will be an aggressive play by the shorts prior to Russell rebalance. PPHM is way out of the money in terms of market cap needed. This situation will be easy money for hedge funds taking advantage of a Russell exit. Based on prelim research, stocks that get booted tend to lose about 10 to 14% of value. I was hoping to see an increase in instit ownership. Unfortunately, I think the institutions are throwing in the towel. Mgmt has failed to deliver to date and has really failed to communicate. I would not be surprised if mgmt is letting all this happen so they can let someone in on the cheap. This may help the longs eventually, but short term mgmt is not doing their fudiciary duty of protecting shareholder value. Another concern is mgmt sells out cheap and gets options from the acquirer. If mgmt doesn't turn the ship around soon, look for a delisting letter. Maybe mgmt wants this too? All imo.