Replies to post #8640 on Avid Bioservices Inc (CDMO)

[jakedogman1]

Hedge Funds. IMO, They will do the heavy lifting including shorting. Also, if an agreement is in the works, the downside is covered in the event the price takes off. Reporting? What reporting for hedge funds? If BP can buy the company for $5.00 per share vs $10.00, they save $1 bil. With the constant downside pressure of the shorts, it frustrates the retail investors so at the end of the day, $5 looks good. All IMO but with a realistic view of how corrupt our markets are and how worthless the SEC is.

[quantumdot]

"How many shares could a GSK or similiar BP/BT accumulate in the open mkt without reporting a 5% stake?"

Umm, my guess is about 4.9% of the shares outstanding, i.e. about 8.2MM.

"Any way to get around the 5% stake reporting?
I believe Barclays did by dividing it up among their co's."

No. SEC combines subsidiaries and controlled entities when calculating reporting requirements. No BP wpould try and do it because it is illegal and very obvious.

"How much of a stake does BP usually buy in the open mkt ahead of a merger/acqusition?"

Zero, nada, none.

"Too many strange things going on here and have been for 18 mnths or so."

If you are that concerned about illegal and inappropriate practices at this company perhaps you should sell and move on? Your continued highlighting of these irregularities serves only to bash the stock