Avid Bioservices Inc (CDMO)

[corporalagarn]

So, to be clear CP, you are saying the wise and all-knowing management team made a mistake in securing the loan. They should have used the ATM instead. Are you going to get in trouble for this heresy. The company was forced to use the ATM because of the F-up and calling of the loan.

You are wrong. The loan was a good thing. It helped the pps. It gave the company some short-lived credibility.

But here we are, in virtually the same position money-wise. We paid back $16mm+ and we picked up a little under $14mm.

So at a cost of about $2.5mm and a big chunk of the company, we are back where we started. Well done. Options for everyone.

I'm sure I'm twisting what you said.