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Post# of 346054
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Re: dloggold post# 341896

Friday, 05/06/2022 11:49:57 AM

Friday, May 06, 2022 11:49:57 AM

Post# of 346054
This is not my read at all. HGEN has a product that has more or less failed, and is teetering on solvency. My guess is they are looking for any reason possible not to pay various people as they try to preserve cash and fight another day. If you really thought Avid was the guilty party here...why would Avid be the one suing from breach of contract? Don't you think the desperate HGEN would be the one to have sued Avid if Avid was truly at fault here? In any event, HGEN is basically out of the backlog and hasn't been in revenue for a long time. This is a non-event, other than Avid might be able to recover up to $11mm in arbitration over time.
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