Replies to post #148973 on Avid Bioservices Inc (CDMO)

[Frustrated]

Most large institutions of any repute have an internal rule that they will not buy a security for their portfolio if it trades below $5.

Makes you wonder what mgmt was thinking when they did the RS 4 years ago to only $3.20? Do they not have any business IQ? Hopefully they will not make the mistake on next years proxy when it is time to put another RS on the proxy. All imo.