Avid Bioservices Inc (CDMO)

[EYEBUYSTOX]

Nah,

1. They had $2.50 options when the stock was at .39, but a potential risk that there will be no bids. With .50 cash and Avid making $25 million in revs, I'd say liquidation value is at least .75 for the next 12 months assuming no further dilution.

2. That's exactly what I'm saying. The casino usually doesn't allow such a rich income stream while also giving the players the ability to succeed if the PPS explodes.

3. The closer to $3 the PPS the higher the strike I can sell so a slow and steady climb is preferable in this scenario, even presenting the opportunity to "buy to close" and roll the options forward to the next month at a more favorable strike price. The only way you get "bit" is if the PPS pops to $3 or above suddenly and from these levels or lower is preferable to the market makers.

In summary, I'm saying I don't think the opportunity would exist if there weren't a catch. It falls into the belief that the PPS will appreciate soon to the $3 level.