Avid Bioservices Inc (CDMO)

[geocappy1]

I must say it does look like a payoff to someone. It is too small to be a commitment to a large offering. IMO they could have raised more $ in a bigger deal if it was some sort of attempt to change their financing pattern. Why not 20M shares at $1.00.

I believe you may be correct. A payoff to somebody prior to news or something happenning after annual meeting? Very peculiar. Why do this when they could have continued to use ATM for this amount of money.

Roughly 9% of the company for some reason. Either news coming in next month that is either pretty good and this is a reward to someone or I am afraid something not so good coming out.