Avid Bioservices Inc (CDMO)

[jakedogman1]

Look at the chart for the last two years just before russell rebalance. Two years ago they missed it by $400k and it caused a 15% drop. Up to the last few days before the cutoff, it looked like they were in. Mgmt did a pipe just before the date and cost them some real momentum. Fast forward today. PPHM is a no brainer on getting booted based on today's value. Hopefully mgmt has some tricks up their sleeve but I'm not counting on it. An investment banker friend told me two years ago after one of his associates met with mgmt. His summary was promising technology but inexperienced mgmt with respect to understanding Wall Street and getting a foothold in the institutional investment arena. I now understand what he meant. I believe mgmt owes us shareholders a plan as to how they move the ball with respect to financing.