Replies to post #317087 on Avid Bioservices Inc (CDMO)

[bidrite]

That leaves the matter of the four million share short emerging and clearing at that time critical for PPHM shareholder interests, apparently functioning to suppress the share price while Ronin established their 9% position in PPHM.

Ronin's buying took us from ~$0.30 PPS to $0.72 PPS. Again it was your BOD dumping 42 MILLION shares on the market during the time Ronin was buying that prevented us from going over $1. There have always been short positions in PPHM, but had nothing to do with Ronin. I know your effort in trying to connect negative activity to Ronin is to put them in a bad light and you've ever been a supporter of the current BOD. I just wish you guys would stop making stuff up to do it.

The Ronin position establishment just used the short to shift ownership from retail investors hands to hedge fund investors

Completely made up. You have know way of knowing who was short & when. Further, a short position does not switch ownership of anything. Only if a retail investor would have sold.

There are two options. I choose Ronin.

[InternetForumUser]

So the shorts were shorting in Ronins interest.. So if that was the case, why did Peregrine max out all ATM's and dilute around 10% of the OS. Was Peregrine involved in assisting Ronin in establishing their position?