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Old 03-02-2014, 08:23 PM
Barry Johns Barry Johns is offline
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Join Date: Dec 2002
Location: Orlando, FL
Posts: 3,565
Default Re: Avid delisted on NASDAQ

Quote:
Originally Posted by Emcha_audio View Post
Barry don't forget that they just finished the main development of the s3.. and the s6 m10 and m40. There is further development they are putting into all of these to push the ability of these controller even further, not to mention they just released PT 11 not too long ago, which was a major development for 5+ years where at the same time they were working on PT 10, HDX, HDN, the c400, the c600 even if these two product went dead two years after, and AAX. And there's hints that they will be showing something new at nab also. So while they had something like 200 M not too long ago, when you factor in all of what they have been working on in the past couple of years... yes 48M is still a good amount of money in the bank when you think of all they have just released in the last 2 to 3 years.
Guys, I run a 48 mil a year business, that is not good at all. Go back and read the report, low cash on hand was a major issue.
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