Avid Bioservices Inc (CDMO)

[Big On Tarvy]

I don’t “hear” anything about the r/s.

My guess is they won’t do it unless they have to, which means waiting until late March to see if pps gets over $1.00 on its own. Or perhaps a latter cut-off date if NASDAQ gives all companies another three-month reprieve.

This guess is based on (1) Mgmt. knows the great majority of beneficial stockholders voted against the r/s and they don’t want to trigger a legal challenge to their “routine matter” decision and (2) Mgmt. is in the same economic position as the rest of us since their stock incentive plan was voted down and they will not be able to make up shares lost in a r/s through new grants under that plan.