Replies to post #68904 on Avid Bioservices Inc (CDMO)

[Frustrated]

My question: Who the hell is shorting a $ 1.09 stock and for what purpose?

The people who already made a deal with ES for the next financing which everybody on the planet knows we need! It is quite obvious if you look at the history of the company. The mgmt has not changed in eight years. If SK said the last financing was done to bring cash to a comfortable level and if they are willing to do it at all time lows then they are willing to do it again in another two months. Not brain surgery here. Just lazy, greedy or incompetent mgmt(take your pick) who still refuse to hire a PR firm, add to the board to make it respectable and/or hire a CFO who can do other things but sell ATM shares or deals at all time lows. All imo.

[Protector]

Everybody that has an interest in bringing the pps down (acquisitions, shorters that want further profits on previous shorts, competition, etc)

Then also think the poison pill becomes less effective if the pps is low to very low.


By the way, someone JUST bought 182 shares at 1.04 and directly sold them at 1.08 thereby creating an artificial gap down.

The stock will have to close this gap created with less the 200 shares with many more shares unless the MM injects an opening order to rectify.


So you see, massive manipulation and however is supposed to protect the pss will need to react.