Avid Bioservices Inc (CDMO)

[westjtter]

Well the exhangeable senior notes will more than likely not be "exchanged" for shares(unless by some miracle our share price explodes higher by 2026), which means the notes will have to be repaid or renegotiated. The loan comes due in 2026 so we still have some time to charge up production and bring in the cash. If they can keep building their cash position(positive cash flow more important than profits right now) they should have a good chunk to at the very least perhaps pay down part of the "loan" and perhaps offer some kind of new exchange price that will need to be negotiated for the balance. I also believe there is a very good chance that interest rates will be substantially lower and so this will help also.

Bottom line is that I do not believe this loan(exchangeable senior notes) will be too large a stumbling block, and expect our share price to be significantly higher by 2026 which will also really help.

If like me, you believe that Nick will get it done(and he has a solid track record that says he will) we should start seeing a little more light in 2024 and this should continue to build in the months and years ahead.