Avid Bioservices Inc (CDMO)

[corporalagarn]

Can you define for me "free cash flow"? If they could have done this deal a year ago, they would be paying back over $1.1mm per month currently on this loan? Where would this money come from? PPHM doesn't make money. That is what a Cash Flow Statement on the financials indicates. AVID on it's own may make some money, but not enough to pay back over $1mm per month. They made this loan for the fees and the confidence in it getting paid back. In my opinion, this confidence is from dd by the lenders. I don't think they could have done this deal a year ago, but that's just my opinion.