Avid Bioservices Inc (CDMO)

[jakedogman1]

Re Russell. The dates last year for rebalance were June 10, 17 and the final list June 24 and the inclusion date is June 30. I expect a similar timeline this year. The date where most of the trading takes place will be June 29 (a Friday). My guess is a market cap north of $275 mil or more will be needed to make the cut. PPHM will have to really put out some blockbuster news to stay. If they get booted, expect some strong downward pressure which will hammer the pps. There are many players that prey on the easy money of shorting the deletions.

Now is not a good time for mgmt to allow the to get stock slammed. The company is close to running on fumes with cash given all the trials that need to be funded. If for some reason funds were needed and another pipe required, look for some real downward pressure on price.

BP could be waiting in the wings for a cheap buyout.