Replies to post #283827 on Avid Bioservices Inc (CDMO)

[stoxx]

Thanks North

I guess it's legal and most likely what's happening.

From the point of view of a high-profile investor, however, keeping information, such as the investor's identity, secret while accumulating shares of a public company can offer that investor a significant financial (and legal) advantage.

Well, it's a good way to accumulate a large stake of shares while under the radar and avoiding SEC regulations

Good way to buy up 100M shares and turn that into billions.


High-profile investors don't like the public at large knowing what stocks they're investing in. Multi-millionaire investors don't want a bunch of little fish buying the same stocks that they have targeted for large volume share purchases - the little guys run up the prices.

[north40000]

Stoxx, from #282,437 above, the dialog during 10/2016 ASM Q&A:

"FU/276204: I noted that PPHM had obtained a new stock transfer agent some time ago, and asked whether PPHM had monitored who, or what entity, was buying, selling or accumulating shares of PPHM; I further noted that share price had been cabined in a lid of some sort day to day for some time. PL, CFO, responded to my question and comment. As CP has noted previously on other occasions, and consistent with PL's response, the stock transfer agent is not necessarily aware of certain trades known by certain acronyms. As to trades known by the agent, PPHM is aware of them as well as any accumulation > 5%. He reminded us of shareholder protection plan in place that enables certain activities by the BOD. I will not detail those here - they can be posted by others as necessary or desirable."

Not much has changed in the past 4 months or more, eh?