Avid Bioservices Inc (CDMO)

[exwannabe]

Re: Dealer non votes.

This is all way too funny.

When a retail customer with stock held in street name does not return the proxy card, then all "non routine" votes will get a "dealer non vote". That is SEC law.

Most retail customers do not return proxy cards. Thus a decent percentage of the retail shares will end up with these non votes. Check any company and you will see the same. PPHM has more than most, because they have a higher percent retail.

At least that is how it works in my universe.