Well our current share price is a direct result of paying back this federal loan...."out of an abundance of caution". Or perhaps out of an abundance of incompetence?
Really? Do you really think the Federal Government is going to prosecute a money losing CDMO manufacturing company based in the US making the raw components for the drugs that Big Pharma produces and the citizens of America rely on.
It is all about local supply chains especially in the drug manufacturing industry....Avid is exactly what the government wants and needs to meet our health needs in this nation! These loans were offered for exactly companies like Avid...essential service providers with financial needs....allowing them to pay their employees and give them a little more flexibility to use their existing cash flow for future expansion to strengthen this homegrown supply chain and to show growth!
But putting all of that aside, I am still expecting them to beat on revenues in their last quarter(as sorry as it may be) and to increase Revenue projections in the coming year into the $70 million plus range!
If they again disappoint at this upcoming CC, we are going to have a very difficult time in the $3 range....all IMO!
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