Avid Bioservices Inc (CDMO)

[westjtter]

OK, we all know that it does not take 5 weeks to restate earnings....could be that they are waiting to present their earnings restatement with some good contract news??? Maybe, but probably not!

All I can think of, is that there is some legal option they are exploring, but even then, how long does it take to get a legal opinion? Or are they in the midst of some negotiations for damages against some entity that was involved in this transaction?

Was the financing contract not that straightforward? If not, why the quick payout on original, and renegotiated(at much higher rates) convertible....almost immediately?

I know our analysts look at it, as just kind of a messed up convertible financing that someone failed to carefully check the terms, which resulted in the called loan!

If it truly is only an accounting issue, taking this much time does not make sense!

And yes, I also would like to see a few heads role if this is the case!