Replies to post #306570 on Avid Bioservices Inc (CDMO)

[The Other Guy]

Given the Going Concern and the reduced cash buoyancy, I would suspect you are correct.

They won't do it, but I wish Ronin would say they intend to replace CEO and CFO as part of their strategic reorganization.

[exwannabe]

wait for the accounting scandal to hit. all of a sudden revenue miss after Ronin being in town. find it odd that 45 days before year end they increase revenue projections only to fall short. something doesn't add up. acceleration of deferred revenue. who knows with these crooks.

That does not make any sense. Accelerating deferred revenue would be exact opposite of what happened. It would be getting product shipped out the back before it was really proper to do so. In this case, the product did not ship.

We can debate if the T-45day forecast was overly ambitious or flat out bullshit. But that is not an accounting issue.

[ststephensrevenge]

I agree.

Somewhere....Kenneth Lay will start giggling as Ronin starts overturning the rocks internally.

There is no telling what will be found. Nothing would surprise me.

As the Verse from Kashmir plays softly in the background:

"WHEN ALL WILL BE REVEALED"....