Avid Bioservices Inc (CDMO)

[skweze]

Good point. But on what would you base a reserve figure? The CA suit, after multiple amendments, hasn't even moved beyond the motion to dismiss. There is no discovery or other information to review. Assuming the suit is an impediment, wouldn't it be easier to just wait until May 5 and see if the judge bounces the suit altogether?

Well Geo

good point....

outstanding litigation is just normal business.

You/the buyer/partner can easily review the suit and all discovery and come up an accurate number to use in the offer thought process.

This is called "reserving" It's really quite simple.

It is the number ONE critical aspect of running an Insurance
Company. Now after 40 years in the insurance business I may know something about reserving.

Yep I do. Three prior employers went BK, out of business and it wasn't because they paid me too much.