Replies to post #144899 on Avid Bioservices Inc (CDMO)

[The Other Guy]

Why sell ATM at this low price if you have two BTD in hand?

If removing the going concern is a condition of BTD then ATM is readily available to keep Peregrine above the going concern line. Or, if you wish to believe the BOD are crooks you could think the ATM is being used to get cheap options. Either way, the stock price has a good potential to go up.

So you may ask why not announce the BTD to raise PPS and then use the ATM? What if another condition to the BTD is to have proper infrastructure (people, mfg, etc.) in place. But then again, the counter to that is "conditional" is unprecedented. But that has been proven to be incorrect too.