The paperwork problems must be pretty serious if they couldn't fix it in the year they have known about it. Plus, they fired Ernst & Young, one of the "big four" accounting firms. Now they
plan to spend $25 to $34 MILLION with another of the big four, Deloitte & Touche to fix it.
Yes, AVID had a pile of cash to the tune of $48M at the end of 2013... but they plan to spend most of that with their new accounting firm in 2014.
They had better be releasing HDX Thundermega Super Pro this year if they're going to end up with cash in the bank after 2014.
I've been a customer since Sound Tools 1, and I want them to succeed. But I would need a lot of convincing to buy stock at this point.