Avid Bioservices Inc (CDMO)

[chenzo11]

CP, a question, if you don't mind, regarding a post of mine that you had helped me with. My question was:

CP...what happens when the MM gets caught holding the bag?

"CP...what happens when the MM gets caught holding the bag? "

In your post you say:

"In our Sept 24th drop they may well have saved up millions of shares that they could sell afterwards (even still now) at the +0.80, +1.30, +1.90 levels."

My question, in a case like CLSN where PPS dropped 80% to $1.50ish. Are you saying the MM absorbed all those sell orders and now owns all those shares (volume of 40mil) because he is obligated to provide liquidity. In CLSN's case, they failed a trial, no labelling mishap. And since they have no pipeline to fall back on, they are left for dead. Is the MM holding a large bag on that one. Is that the risk he inherits?

Thank you for you educational posts today. I continue to learn more from your expertise...GLTA