Avid Bioservices Inc (CDMO)

[westjtter]

Exactly....this is not the kind of thing that improves with time. They should restate and then give a pretty plausible explanation of exactly what the hell went wrong and how this new financing is going to affect Avid going forward!

If the financial restating is on hold because they are currently investigating some legal avenues, then again, Mr Green should provide some kind of an explanation of exactly what is happening.

Finally, I am still a little shocked that they(Avid management) immediately repaid this loan with the newer higher interest rate loan....generally when a loan is called, you then begin to negotiate with the holder of this financial instrument to discuss what happened and how to possibly resolve this? Plus what would happen if they just played hardball and fought the convertible holder on their right to be paid back immediately....what action could they have taken(again here I have no idea what options were/are available from/to either party of this loan. But the question needs to be asked!

As I have mentioned before, still seems like a bit of a set up....and while we are discussing this, who is the new convertible loan with??? Any of the same parties of the original convertible???

Lots of questions, but few answers coming our way from Tustin....c'mon Nick, time to step up to the plate and answer some questions!!!