Replies to post #181800 on Avid Bioservices Inc (CDMO)

[biopharm]

Can't see anybody accepting the preferred shares when they are selling above the open market.

thats pure manipulation, what do you think would happen to PPHMP if someone wanted $20 Million dollars worth ?

thats right... it would spike fast and far above $25 lol

So that means that those friendly parties "will" buy at the offering price, to guarantee that $25 lock-in

Its almost like saying why would a BP offer Peregrine much more than $1.85 pps since its trading in that range now ? : )

Because they can't have it at that price, just like a party looking for $20 Million worth of preferred shares can't have it all at open market prices of $24

Tune in next week... maybe will have a little more proof regarding BLA submission work and manufacturing facilities other than Avid in Tustin

[EYEBUYSTOX]

Frustrated, when your largest shareholder is a man who owns an armored yacht, outsmarted the United States government, avoided paying taxes by renouncing his citizenship and was able to keep his family in the country through an arranged diplomacy agreement you're kidding yourself if you think there aren't some insider "winks" and "nods" going on here.

http://www.businessweek.com/stories/1995-07-09/the-darts-fear-loathing-and-foam-cups

Hell, part of me thinks Fargo was a result of Ken Dart's involvement as opposed to an attempt to sabotage an effective cancer drug.

But in March we were still in the middle of the class action. There's just no way I can see them pulling off such a clearly visible move (80 million shares in 3 days) during the class action suit if there wasn't something else of substance behind door #2.

It's just not a smart way to steal and these people are very smart, especially the folks at K&L Gates. So, I'm giving it a 5% probability at this point that the move in March was just a "pump" by the preferred holders to hedge their bets. After the conference call, I'll recalculate.