Avid Bioservices Inc (CDMO)

[golfho]

Jake…
Talk about beating a dead horse…
I don’t want to shock you too much but…Very few people associated with Wall Street are even remotely altruistic. In my view, this management is about average in that respect. No better…No worst.
If you truly believe in what you are saying…If you believe your “Inside information” then you should start nibbling NOW…Your words…”Mgmt sold 4.39 mil shares and raised over 17 mil during the last qtr according to my sources.. Well isn’t that about 1/3 of the money they said they wanted to raise? We investors have no way of knowing what management’s moves will be. You do your best DD, you calculate the risk and then if you like your odds you place your bets…or walk away from the table.
FWIW…I bought some at $2.74 today. My lowest buy was at $.29 and I sold some of that at $.71 I now have more free shares. I will continue to nibble away during this down turn…And will sell a bit on the upswings.
The weather here in the NY metro area is going to take a turn for the worst…so I’m going out now to hit a few balls.
I hope everyone has a great weekend
Regards
Golfho