Avid Bioservices Inc (CDMO)

[learningcurve2020]

Well, KT, that's a nice neat package you wrapped up for us. Nevertheless, I still think there are a lot of issues surrounding the timing of that particular ATM with regards to material information disclosure and whether the instrument itself was allowed to be used. Why else would scores of law firms chase Peregrine if they didn't think they could get a piece of that $15mm? It's not like they have much else to grab.

And for the record, I monitor both boards and it was FiduciaryDoozy who brought up the idea that the bank loan was returned pronto to raise money via the ATM.