Thursday, March 07, 2024 11:37:21 AM
Also if they manage to start turning the backlog into profitable revenue, the share price will respond and there is a fair chance for the convertible holders to convert their loan to common shares.
There is also the chance of a buyout....far below what the previous buyout would have been, but I would hope the company would try and fend this off....depending on the actual takeover price.
Avid can still have a solid future, but the share price is going to be lower for longer...sadly!
How forthcoming will Nick be at the upcoming CC? Will we get the real story of how this was so screwed up and who is to blame??? We may find out via upcoming management changes....or will they just be swept under the proverbial carpet??
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