Avid Bioservices Inc (CDMO)

[newbieee]

It then took the mangling on the annual to 'non-officially', rumour grade, find out that there seemed to be/could be a second interim look-in. However, this piece of information was only confirmed to a very small group of people through information send out in offerings for the preferred shares by MLV, listing it as a reason why one should subscribe to the preferred shares.

That's not how it happened. Shan said this on the 12-10-13 Qtly CC.

When you do that, we feel that it's possibly, even a little bit overpowered, and so, as a result, we have built in, again, this is pretty standard, a couple of interim looks, so that if early on, your magnitude of effect is really good, then you can maybe take advantage of that during the interim analysis.