Avid Bioservices Inc (CDMO)

[Frustrated]

17mil shares were sold via the ATM at $1.75. We closed Friday at $1.83. That's a 4.5% increase over the ATM sale.

Agreed the share price is holding up well but the stock price was soaring to above $2 while they decided to hit the ATM machine. They seem to want to sell at every opportunity. Hopefully there is no need to sell more ATM shares but the upcoming dog and pony shows have in the past not been very productive as the lack of partners to this date have proven. All imo.