The shareholders meeting was a Non event. No questions that were taken anyway. Not certain if any were asked. They had control of that, of course.
Somebody should inform them that they can live stream the meeting and also invite shareholders to attend. They are not mutually exclusive. I don’t think they wanted questions from a live audience this year — which is fine. As long as they know the seriousness of the loan debacle and have plans to rectify as much as possible as soon as possible.
There is no question they were played big time by the note holder whomever that was. The note holder was likely laughing all the way to the bank as they were shorting the stock prior to calling them on the discrepancy. And, as we all know, the stock was shorted big-time. It seems there should have been a requirement for the note holder to call them on the oversight as soon as it happened so the stock couldn’t be played. That seems like a practical legal approach.
On to quarterly results. That is the true measure anyway. Hope to see progress. Hard to look past that serious oversight but there is no other choice. Let’s turn it around Avid.
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