Avid Bioservices Inc (CDMO)

[nuke661]

I always wondered about the possibility of insiders at news release organizations being able to trade on or, pass on to others, news not yet made public. Also, how much lead time do they have relative to the general public. I know that most of the Peregrine releases come from PR Newswire so I searched the internet for info. I came up with the following link:

PR Newswire Info

At the very bottom of the page it states that a minimum of 1 business day is required for a news release to be submitted and in PR Newswire's hands prior to distribution on their iReach system.

Just thought this may be an interesting bit of info to have. I'm sure a lot of you already know this, but I didn't and I'm sure there are others that also don't know this.

If Zare's prediction is correct for the news release after closing of trading hours today, then PPHM would have had to submit the news release to have it in PR Newswire's hands by opening of business this morning.