Avid Bioservices Inc (CDMO)

[jbainseky]

How is this for a scenario? Some company wants to buy PPHM. PPHM share price is substantially less than 1$, but has an $11 poison pill and 250+M shares. They buy a large number of shares, very quickly, driving the price up near 1$ and keeping just below the 5% limit. spend the next months buying and selling PPHM DOWN slowly so the price stays down and a reverse split is required to keep the stock listed. Knowing the PP isn't affected by the split, they can now extend the waiting and see if the technology is valid. Using round numbers for ease, $1 stock, $11 PP, 250M shares equals $3 billion pricetag (not unreasonable) BUT $9 stock, $11 PP, 50M shares equals $1 billion pricetag. Seems to me it might be worth the gamble.

What say all the smart people here?