Avid Bioservices Inc (CDMO)

[tradero]

CP,in your well elaborated explanations, I think you have not covered a very important point that JB addressed in his post….
Why, for such an important issue, the BOD went the ROUTINE way instead of going the NON-ROUTINE one?

It does not seem to be the logical path… Going “ROUTINE” AND then being forced to make the broker non-vote as a “YES” vote… Isn’t it too risky? As you said they have to be positive that they are going to become “YES” votes. That means that some sort of contact has had to take place with “whoever” and maybe that proves that an Entity exists , otherwise a whole bunch of retailers would have been very difficult to contact with and therefore very difficult to ensure YES votes.
It would have been too risky of a choice

My point being… maybe that is a little proof that an “Entity” exists behind those broker non votes.
Again how is PPHM going to ensure the broker non-vote as a YES vote unless there is a limited (very limited) number of people to contact to

What you mention to be a proof of "No Family" I dont see it... Actually that is the very reason for going the ROUTINE pathway

If you are an entity or a “family”, you are not going to want to take the effort, nor have that paper trail.

You PROVED, in another way then I did with calculating the approximate whereabouts of the outstanding shares, that there is no "Family" or at least not one with 100Mil shares.