Avid Bioservices Inc (CDMO)

[biopharm]

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.

possibly some retail do not return the proxy cards, and here I thought that no one knew about Peregrine Pharmaceuticals, yet millions of shares are purchased by retail? lol and set up in off shore accounts ?

Most retail customers do not use off shore accounts

Anyone that would like to conceal info from the SEC would certainly use off shore accounts though, because typically..... off shore accounts have been a major loophole, beyond reach from certain Federal Authorities...

... maybe some loopholes are not as private as some thought