Avid Bioservices Inc (CDMO)

[defender91]

I believe you are wrong westjtter, our share price is a result of more sellers than buyers, the loan had to be paid back , we were not entitled to the loan as the rules changed after we received the 4 million , our little Avid is in a good financial position and not in dire straights ,i'm not sure where your ideas are coming from but it couldn't be the balance sheet.The feds today announced that they will investigate all loans above 2 million to confirm that the company is in fact in a dire financial position because of the covid 19 pandemic. You are lucky to own a company that has prudent management and does error on the side of caution. You are right on one point though ,that we are in a perfect environment for producing antibodies. We should all be rewarded very soon, good luck.