Replies to post #288951 on Avid Bioservices Inc (CDMO)

[n3m3sis]

Not necessarily...........

however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

A rocket taking off into space needs a lot of fuel(read volume), then that fuel needs to be ignited (read announcement), for a sustained flight upwards.

[Couch]

LMAO; sure okay - better to RS and then PR lousy news.

[Threes]

well we have your team. These imbeciles were looking at ground breaking rev's from Avid last Q, they could have sat with $45 MM cash on hand and let the SP run with the financial results they knew were coming. No they sold heavy ATM at .30 when they could have waiting a few weeks and gotten the same proceeds for half the shares.
The unwise dilution killed any rally there's would have brought us. Killing a rally to the upside is the only share price related proficiency they have ever demonstrated.