Replies to post #126788 on Avid Bioservices Inc (CDMO)

[Carboat]

Only if partner felt a need for fewer retail more institutional investors. Or didn't want to be perceived as dealing with a penny stock company.

[cheynew]

A reverse split would have to be approved by shareholders by way of a proxy vote. I can't imagine any reasonable scenario where this would happen, but it would take MONTHS to get approval.

The preliminary proxy was issued August 17, 2012 last year. That is the approximate date to expect one this year.