Replies to post #150584 on Avid Bioservices Inc (CDMO)

[exwannabe]

Do you have any understanding of the exchange of confidential information required by Peregrine to lure an ATM buyer. There's talk of 'thousands of shares, you realize that means some accredited investor(s) with 'total' access to Company docs made an informed decision to Buy the Stock!

ATM shares are sold on the open market, they are not private transactions. If YOU place a buy order during the day, it could be filled with PPHM as the seller.

Even private investors do not have all the information. In theory they would have no more than retail (though we all know this is BS, here I agree the game is rigged).

And "accredited" means little other than they have some cash.

[Carboat]

Not disoriented just a realist, pphm is a longshot, which is fine. I would say those that view this as a certain 10,20,100 bagger could be a bit confused. As for ATM sales, those are open market, not like a private placement. The idea that atm sales = institutional sales is inacurate. If anything, all things being equal, the extra float yields a lower percent of institutional interest.