Quote:
Originally Posted by Bill Denton
Sure, it would be better if Avid had not been delisted, but keep in mind that they're sitting on a pretty nice pile of cash, so it's hardly the end of the world.
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Well it would have been better if they had proffered timely accounts and apparently they sacked the recent auditors (more money wasted/lost)
The new auditors are costing Avid 20/30 percent of their assets..
Incredible...
Please dont say everything is going to turn out rosy, because its been downhill for the past 2 years.
Delisting is a sign of Chapter 11 bankruptcy
You need blind faith to believe in a company like Avid
Just being realistic here......not gambling on stock.