Replies to post #23709 on Avid Bioservices Inc (CDMO)

[jakedogman1]

For the last two years or so, someone or some entity or a group have controlled the price. They seem to be in the "know" and have been connected to financing. IMO, the bougus pr for the russell last year was a charade and IMO mgmt knows it. My guess is accumulation by way of hedge funds or other offshore players. SEC rules don't matter cause the SEC is out of commission.

[realist1]

RE "3 million share drop in short interest between April 15 and April 30, 2008 "

Explain how a net buying of 3 million shares didn't move the price up? My opinion remains that it was a closing of a short against the box, because 3 million shares of buying would move the price up don't you think?

[jazzbeerman]

KT,

Whatever the reason, far fewer shares are actively betting against PPHM's stock moving up...

Also, IMHO, it means to me that nobody on the street believes in a PIPE coming soon.

If Peregrine were shopping, or even inquiring - even as discretely as possible (which is virtually impossible :) - for a private placement to raise money, wouldn't we be seeing a big jump in short shares? Especially with the PPS where it is - to raise enough money to avoid a "going concern" clause would take a lot of shares...

The current historically unprecedented low short percentage looks to me that there is no upcoming PIPE, and not even any rumor of a PIPE among the folks who should be hip to such things.

They're not betting on a PIPE.

Why?

j