Avid Bioservices Inc (CDMO)

[nuke661]

edcpf,

I believe if you read the section labeled

What are the voting requirements to elect the directors and to approve each of the proposals discussed in this Proxy Statement?

you will find that they explicitly state that broker non-votes will be counted as "no" votes and specifically count against passing the resolution.

Proposal No. 3 - Amendment to our certificate of incorporation to increase the authorized number of shares of common stock. The shares of common stock voted “for” the amendment to our certificate of incorporation, as amended, must equal or exceed a majority of the outstanding shares entitled to vote thereon. Abstentions and broker non-votes are counted as votes “against” this proposal.