Replies to post #58514 on Avid Bioservices Inc (CDMO)

[jonnyrocket]

Or maybe the company didn't need the cash asap and didn't want to sell 4m shares at 1.55. maybe they'd prefer to wait and hope the sp moves up for a higher proceed. goes with what they've been saying all along, to balance their cash needs with the overall market for pphm shares. yes - they've had to sell some shares at low prices to keep the lights on and the programs running. i trust management is doing what they need to do, and i wouldn't be here (like some people here) if i didn't. what's funny to me is people on here upset with selling of atm shares, and then upset that they didn't sell atm to dart to beef up "coffers" or "kitty" or whatever you want to call it. no win with this group. all imo

[geocappy1]

What about that put that controlled 2,000,000 shares. let's say Dart decides to get in but doesn't want to pay the $4+ per share to get in. His people tell him we can force the price down first. They buy the 20,000 puts at a cost of $100,000 to control the 2,000,000 shares. They proceed to drive the share price down. Not sure if this makes sense because if they forced the price down by shorting wouldn't thsy already have their shares by covering and wouldn't need to buy another 3.9M shares?

Maybe someone with a better understanding could explain how this would be done if in fact the two were connected.