Replies to post #36013 on Avid Bioservices Inc (CDMO)

[Fire Fox]

DIA-- Thanks for this report.

I view this as good news because Mgmt is in a news embargo regarding GA PFS data until the ASCO abstract goes public. If the GA abstract is indeed released on May 14, the Company will have a full two weeks before the last trading day in May to get the stock over $1.00 for Russell rebalancing purposes.

My understanding is that final Russell adjustments are made in June but you can only be considered part of of the June group if your pps is above $1.00 as of last trading day in May.

My bet is we see PRs updating all three Ph II trials between May 15 -29.

News of a small licensing transaction and online publication of the Duke/Haynes article in Nature Medicine during those last two weeks of May wouldn't hurt either.

From history in prior years, I'm sure PPHM has their eye on the May 29 date and is saving some PR ammunition for that time.