Avid Bioservices Inc (CDMO)

[Frustrated]

Perhaps many are waiting to see what the proxy has in store. If they are going to authorize a large block of shares for new atm sales and signal that they are going to try to do PIII on their own.

I would not be surprised if that is the case and with the short position already established it might be very likely as they seem to know everything. Of course if they do, the mantra will be we have to show BP we are serious about going alone. Just more desperation as each day goes by.

If the proxy does contain that language we will probably also see language about another reverse split since that will follow as share price will not hold one dollar. All imo.