Replies to post #42774 on Avid Bioservices Inc (CDMO)

[entdoc]

Agreed that most merry money men have priced reverse split into PPHM stock price, and that some "institutional" wisdom here says smart money has lightened up on share holdings, or taken a small short position, or are sitting on the sidelines "just in case."
Today, last week, and next week all highlight the benefit of dollar-cost averaging into PPHM, a concept that turns "real players" off. When volume ramps up to 1 1/2 million shares, I'll be buying more. SOMEone is interested in buying those shares y'all sell for less than 6 bits apiece.

[Wildhorses]

Notuncoolish,

I think you are missing Jess's point. Knowing the optimist and realist that he is, I'm sure he was trying to point out the following quote:

"we received a letter from The NASDAQ Stock Market informing us that NASDAQ does not anticipate that it will further extend its suspension of the bid price requirement.

The bold part is my added emphasis but I imagine that Jess was trying to highlight that the wording - "does not anticipate" - leaves the door open to Nasdaq possibly granting another/additional extensions. Just some more stuff to speculate about since everything else has been beaten to death.

Good catch Jess.

Regards,

WH

[jessme]

I think everyone missed the point of the link I posted.

A three for one or ten for one is not a reverse split. It is a forward split. Your 100 shares would become 1000 etc.
A RS is 1 for 10 or 1 for 3. Your 1000 shares becomes 100 shares.

a reverse stock split of the outstanding shares of our common stock at a ratio to be determined by our Board of Directors within a range of three-for-one and ten-for-one.