Avid Bioservices Inc (CDMO)

[The Other Guy]

If one takes a step back and looks at the recent financing it doesn't look like a company that has a lot to leverage. They do a 10% dilution with ATM shares just before doing a preferred launch? I don't buy the fact that the ATM sure were to keep the going concern from being an issue. They had plenty of time and cash to bridge the gap until the preferred deal closed. Was there not enough confidence that they would raise enough preferred share dollars?

I am still of the mindset that the ATM usage was done for a reason outside of the going concern. Not that I am hinging everything on it but I have more hope in this speculation than anything else right now. But I would not be the least surprised to see March come and go without any PPS movement. Just how it is with this stock.