Avid Bioservices Inc (CDMO)

[Notuncoolish]

Floating a Theory:

I am thinking that the 5 for 1 R/S was done for a few reasons and a calculated risk. Buy doing a 5 for 1 that put the PPS below $5 which means that Joe six pack cannot short. This keeps some stability in the stock. Meanwhile they may have enough news in their aresenal to push the stock past $5 organicly which will bring in more buyers and possibly even actual institutions. I am sure they (institutions) can nibble on stocks that are headed to $5 and above before they actually get there.

If they did a 10 for 1 it may have attracted too many willing to short it. This may be too early to tell if this was the thought process.

Looks like everyone but Realist likes the new hire. His chips are all on the table, the more he protests the better we are doing.