Replies to post #252747 on Avid Bioservices Inc (CDMO)

[4OurRetirement]

Exwannabe, What About PreferredShare Conversion Reporting Requirements...

because I can't find out if Preferred Shares would be converted, what is PPHM's requirement to report that info?
Same day as any shares are converted?
Within 3 days of conversion?
Or, quarterly, same as ATM reporting?

As far as your reply regarding the convert option, I don't agree. Please see my other recent posts for more info on the topic.

Thanks for your consideration.

Glta Stockholders.

[Protector]

exwannabe, I agree 100%

EDIT: The big drawback of PPHMP is that there is virtually no way to cash out. The market is REALLY thin.

One of the reasons I posted at the time that PPHMP was an instrument for FUnd, IIs that were after good interest and would take a bonus if PPHM got to the moon. Those don't have the 'get out' stress as long as the interest keeps coming. An occasional retailer, that doesn't mind the 3$ vs the much cheaper common at the time, and wants the interest with the drawback of almost not being able to get out (PPHMP almost NEVER quoted above 24$) could buy some too.

Then I was accused saying that about PPHMP because I wanted to buy all PPHMP shares myself (LOL) and discourage others from getting in.