Avid Bioservices Inc (CDMO)

[keep_trying]

PDB, what profits? This movement is just returning PPHM trading back into the low side of the trading range after the reverse split. That is when larger short positions and movement surrounding Russell rebalancing weighed in. Those effects still need to be expunged. Profits are yet to be realized as PPHM moves along with its business plan.

I am watching for another tranche of preferred shares to be issued with a higher conversion price. Something like $5+ pps. That would give PPHM funding for more trial starts to supplement the ongoing NSCLC Phase 3 trial.

Best wishes and IMO,
KT