Avid Bioservices Inc (CDMO)

[jakedogman1]

Here's one scenario that may be in play. ALL IMO. PPHM has a friendly suitor and the are quietly picking up shares. PPHM, as of today, will be hard pressed to make the Russell. As such, the shorters will be out and this will help the acquirer. I expect some weakness up and thru June 30. The more shares an acquirer gets on the cheap, the higher price can be paid at the closing table. Mgmt knows this. So they may sacrifice the Russell to help their pal (and themselves). I could be wrong and if mgmt takes a firm stand to stay in the Russell by sending out stellar PR's, this theory is DOA.