Avid Bioservices Inc (CDMO)

[co3aii]

Come what may it seems improbable that the R/S would be a 10:1. There are currently 237.11M shares outstanding, taking that down to 23.77M, lets make it 24 million, would create a very thinly traded stock. So thin that it would gyrate all over the place on any sizable trade yielding an astronomical beta and a somewhat illiquid market.. Assuming an R/S the outstanding shares remaining should be approximately 70 million (my guess) for trading purposes yielding an approximately 3:1 split.

All share denominated instruments would be converted to the new ratio regardless of what they are. Having been granted options and owned shares in a split that is what happened to both.