Replies to post #160181 on Avid Bioservices Inc (CDMO)

[chenzo11]

The ATM was likely priced in before the news was public

Normally that is how it works, but most people here were under the impression that the ATM was shut off. And I feel that the posters here are on PPHM's pulse. Just look at the stir it caused on the board last night. It caught everyone off guard.

We closed at $1.68 on Wednesday, then the Preferred shares PR and we sold off to $1.55 AH, down .13. Again, I didn't think the preferred share PR was a bad thing. It seems to me that that was the type of PPS action you would expect from a 10% dilution PR.

I'm letting this go.

GLTA

Chenzo