Avid Bioservices Inc (CDMO)

[Charlie Stein]

"Of course, the 300 share trade at the close that was 7 cents below the many thousands of shares traded before and after made the PPHM pps a penny or so short of that needed to stay on the Russell and the shorts got their pay day anyway."

It's too bad the NASD doesn't feel it owes any accountability to investors.

It really is fascinating that CINN sits on both the bid and ask, without explanation, essentially fixing the price of this stock within a tiny fraction of a cent. When someone does bid a few pennies more as an experiment, they are sold stock at the price fixed by CINN. Yet here, somehow a miniscule trade was "allowed" to cross at 7 cents below the other trades.

Neither the SEC or NASD see anything wrong with this picture.