Replies to post #287214 on Avid Bioservices Inc (CDMO)

[InternetForumUser]

I agree with you.. If the Reverse Split is going to happen.. it would probably happen on march 10th, 2017. Notice would probably be sent during the Quarterly Call.

[keep_trying]

Cheynew, I count the ten days as being March 27 through 31 and then April 3 through April 7. That would deliver ten trading days that could close above a buck a day before the timing out of the 180 day extension. However, the NASDAQ guidance indicates ten to thirty trading days reestablished at trading above a buck. Thus, I consider March 27 as the start of the last moment for the ten trading days above a buck to fit within the 180 day extension. The NASDAQ letter specifically cited October 10, 2016 as the end of the period originally cited, so the 180 days should count from there.

My observation is that the pps started moving steadily upward after the announcement of the diagnostics study proof of concept success. Why did it move to the upper $0.60s and retreat to where we are now? Considering the significance of value being indicated, I see today's trading range as relatively arbitrary and no reason why the pps should not continue to climb if there is investor buying interest being precipitated by the 100% effectiveness in proof of concept news. I was impressed by the detail provided, where it was clear how there was a clear dissemination between the different categories of benign, malignant and no cancer, but that was for 44 subjects in a proof of concept study.

How does it matter for my investment if PPHM goes through a reverse split in April or not? I don't know what I don't know about undisclosed agendas, but by math, a reverse split should calculate out to the same market value in my account. I don't want a RS to occur because I like having lots of shares. Is that a good reason to not RS, LOL!? I would expect that mischievous trading during a ten day period that would reflect an attempted spoiler outcome through targeted shorting would be the sort of thing that would have the NASDAQ reviewers accept a petition letter for more time. Illegal naked shorting is just that. Otherwise, it is time for PPHM to stand and deliver... My guess is they are ready to do that. We shall see.

Best wishes and IMO.
KT