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Re: djohn post# 345834

Thursday, 05/23/2024 11:30:22 AM

Thursday, May 23, 2024 11:30:22 AM

Post# of 345950
Heh Djohn....you are absolutely correct with your assessment of Avid....all of us on this board are frustrated that it is taking so long to fill capacity and actually start making some profits, and yes $175 million is certainly not what we were hoping for, but still...a 20% increase in revenue at least would show investors that they are making progress....couple that with projections showing a clear path to $400 million in the next few years would be very good for the share price!

But I am going to try and put a positive spin on this whole convertible debacle.....the fact that no one has yet been blamed or fired(even though they should have been) tells me that they must have some pretty solid good news coming on revenues, and or some other really positive developments at Avid....as in things are looking so good, we are going to overlook this major screw up on financing and just concentrate on profits and the share price!

Am I reaching here??? Maybe but at least that would explain why this issue was basically swept under the rug!

Here are a few other points to consider.....Nick would not be sticking around if Avid was truly stuck in its current no growth/slow growth/no profit situation. If our June CC is not really positive, I would suggest that Nick will be on his way out!

And finally, I believe our capacity can be stretched well over $400 mil...they are just sticking to this number because they have made so little progress filling capacity, why even bother mentioning that when they get to $400 mil, there may still be considerable room to add to this.

That is my take for today.
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