Replies to post #16371 on Avid Bioservices Inc (CDMO)

[honestabe13]

Not sure why the pps is this low directly on the heels of R&R's action at around $.70. They didn't come in to lose money or their reputation by peddling this to others only to have it not create profitable short-term trades, and I can't imagine they'd be patient enough to sit through downturns/reverse splits/further dilution when there's so much money to be made elsewhere.

Might they have expected that it was going hit $.55 with further dilution or reverse news prior to popping on good news in the fall?

That better be what this is. Something other than that is too ugly to consider.

[Notuncoolish]

Realist,

The company has enough cash for a year, plus the market environment needs to play itself out. I am not saying we will not see anoputher PIPE, I just dont think we will see it at levels anywhere near this low. If the company can execute the game plan we will see government money and licensing dals to cover on going trials.

If they go the rout you are suggesting, I dont think they have a chance to make it anyway. I think it is do or die as we stand.