Replies to post #86248 on Avid Bioservices Inc (CDMO)

[lafont]

"It's now clear that management wanted to get their options cheaper and cheaper."

Please share with the rest of us exactly what has clarified this for you. And please don't say "the recent price movement"...

[geocappy1]

Actually, I think we have surpassed the point of the reverse split. I believe we were at $3.20 with 50M shares or a market cap of $160M at the time of the reverse split. We now have about 110M shares at 2.40 for a market cap of $264M (the effects of dilution). Hopefully, the pps will keep going up and the increased valuation will outpace the previous dilution shortly for us on an individual basis. For those that continued to buy to keep pace with dilution, you should already be there.