Avid Bioservices Inc (CDMO)

[chenzo11]

Cloaked, a quick question if you don't mind...

The last five or so days of trading I have noticed what I would call very normal trading. Although our PPS has dropped from $1.68 to where we are now, I have not noticed anymore bear raids. Yes, the PPS has dropped, but from what I see, it is normal selling. Probably those who bought in at the previous lows in anticipation of news leading up to the CC and then sold on the "no news."

My question is where have the bears gone. Is it because:

1- They got their shares at the end of February, although that 200K+ buy was still there, and are happy with their stake

2- There is fear that "eyes are watching" due to the sabotage, the FBI/SEC/FDA involvement, and the effort to shine a light on these attacks by this board.

3- It is too risky to short at these levels (Probably not, bears can be very greedy if they sense weakness)

4- The MM is just not providing the shares and retail is not selling

What is your take on the recent trading activity? I love these low volume days. Gets me thinking everyone has their position

TIA...Chenzo