They spent over $30mil on upgrading Avid facilities this year. That includes leasehold improvements, equipment and fixtures.
Those should not be year over year expenses - meaning that if they hold off on trials for a while, it is possible that dilution is a thing of the past now. Blackrock still needs to finish selling their shares, but there are indications that there is buying at the same time.
Spot on...we could be in the break even neighborhood now if they chose to run the company as a profitable business instead of as their own piggy bank soly for their benefit.
They really are a shameless lot. This type of arrangement should not be legal in my opinion....especially with morally bankrupt group like this.
I would like to know how much new AVID business this supposed heavy hitter they brough in has landed. Let't hope at least he is justifying his salary.
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