Avid Bioservices Inc (CDMO)

[asmarterwookie]

I thought total outstanding shares was 48 mil(ish)
I sent the question regarding...
In addition, on July 14, 2009, we entered into an At Market Issuance Sales Agreement (“July 2009 AMI Agreement”) with Wm Smith & Co., pursuant to which we may sell shares of our common stock through Wm Smith & Co., as agent, in registered transactions from the above shelf registration statement on Form S-3, File Number 333-160572, for aggregate gross proceeds of up to $25,000,000. Shares of common stock sold under this arrangement are to be sold at market prices. We are obligated to pay Wm Smith & Co. a commission equal to 3% of the first $15,000,000 in gross proceeds from the sale of shares of our common stock and 2% of the next $10,000,000 in gross proceeds from the sale of shares of common stock. As of July 31, 2009, we had not sold any shares under the July 2009 AMI Agreement.
That antwann_rockamoora is some resource...he hates Peregrine but he does present relevant alternative views...

wook