Avid Bioservices Inc (CDMO)

[tech0200]

Is the SEC A Joke and why isn't anybody suing?

According to the SEC,

"Manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company; improperly limiting the number of publicly-available shares; or rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security. Those who engage in manipulation are subject to various civil and criminal sanctions.

http://www.sec.gov/answers/tmanipul.htm

If the CINN and whoever is behind it has not controlled of affected the market for PPHM then no stock can ever be manipulated. Are the ones behind CINN subject to civil and criminal sanctions? Sounds like it. Every time there was good news, the stock would move up and the CINN would clamp down on any upward movement with their old, dirty tricks. They would sit on the bid and ask, move the stock with a few shares trade, have those ridiculous fractional bids. Not to be forgotten the 300 sh trade at the last second after the much bigger previous trades that got us kicked out the Russel and started the biggest slide. Any trader would just walk away knowing that he could not make any money trading PPHM. How about a good old fashioned lawsuit with the law on our side and obvious damages inflicted on the stockholders and the company with a stock price that has been driven to the ground even with really good news?
And for good measure, the NASDAQ can be sued too for allowing all this illegal trading. Does anybody think that NASDAQ advertises that this kind of blatant and criminal manipulation would be allowed on your stock when you are deciding whether to trade on the NASDAQ?
And if the SEC does not enforce its own rules when it has been alerted, shouldn't they be sued too? Don't people sue and win for much less and don't we have proof of manipulation and damages to show for?

http://sec.gov/answers/tmanipul.htm