Avid ringy-dingys the NASDAQ bell tomorrow 1/16/15 at 9:15 am...

Since a bunch of you were naysayers and all over us and me for doing the right thing and checking our financials - it sure is nice to see that we are BAAACK in fine form and invited to ring the bell. You might want to tune in and see the pre-opening activities, opening remarks, and the actual bell ringing.

https://new.livestream.com/nasdaq/live.

They gonna let you do it, or is it some clown from Finance?

Clowns are scary...

Naysayer?  I resemble that remark!  

As a stockholder, I think there is a bit of difference between "checking our financials" and being de-listed by force because the financials could not be held as accurate and therefore submitted (not to mention class-action lawsuits).  That kind of "checking" does not inspire alot of confidence.  All in the past now...

That being said, it's a great day for Avid and great to be able to buy more stock directly!

http://ir.avid.com/releasedetail.cfm?ReleaseID=817675

http://www.nasdaq.com/marketsite/bell-checklist.aspx

Douglas

The Company's cash balance on December 31, 2013 was approximately $48 million and it had no debt or draw on the available line of credit with Wells Fargo. The Company expects that cash expenditures in 2014 related to the ongoing accounting evaluation through completion of the evaluation will amount to approximately $25 million to $34 million.

Happy Days are Here Again!  Avid is going to spend this amount of money on ACCOUNTING. Lets all Cheer while they are still evaluating with their new accounting firm. And the beat goes on.

PS: I wonder if this amount of money should have been spent on coding rather then beancounters in Beantown???