Avid Bioservices Inc (CDMO)

[geocappy1]

My best spin is it depends on how much the authorized shares eventually are sold for. If they were able to sell each of the remaining 275M shares for $6 each then the company would have $1.6B in the bank and all shareholders would be in better shape depending on how the company spent the money. if the company sells the shares for less than $3.20 per share and spend the money on things that do not boost the value then we get diluted.

Time will tell.