Avid Bioservices Inc (CDMO)

[MazelMan]

Carboat

I am an auditor/accountant

Chew on this as fact: please stop with misleading ideas of accounting...it's a going concern.

[Source 2012 PCAOB Survey[13]] If it is concluded by either the independent auditor, or management or both that the company may not be a going concern, what disclosures should be provided to investors?
A reasonably detailed discussion of the company's ability to generate sufficient cash to support its operations during at least the twelve months from the date of the financial statements. Expected courses of action that bear on financial flexibility of the company such as:.......

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