Avid Bioservices Inc (CDMO)

[biopharm]

Or, They Want To Force Disclosure Of Those...

Behind the 100million non-voting broker votes by making them vote no. Perhaps the deal PPHM is trying for is with someone other than the group behind all those shares. If "they" don't vote no,PPHM will have enough shares toclose a deal with a different entity and those 100millionsharevotes won't be able to stop thenew and better deal?!!

If "they" do vote know, perhaps the voting r3cords will be shown to the SEC and those 100 million shares just might be frozen or confiscated do to illegal attempt at stock maniplation by that group or family?!!

To play devils advocate here, especially after reading this below, and its possible laws have changed since 2010 and I'm trying to narrow down whether they are speaking about US or non-US vs off shore hedge fund type brokers ..etc ?

My thought is whatever plans Peregrine may have lined up, they would have made sure they have enough votes, because all they would have had to do was make enough private placement ATM share deals, to the level... where they knew those shares were in the hands of those they trust.

Another out of the box scenario would be IF those 3,000,000 preferred shares are sold to one or more collaborating parties and IF it backfires in some way would part of these 175 Million share possibly be used to convert those preferred shares back with leverage towards Peregrine. This may be completely off but just trying to think of every possible scenario where the funds of these shares could go to...

My gut feeling is they are for the best, longterm prospects of the company and all long investors and these broker non-votes just adds a wild card into the picture and with as many SEC eyes on this stock than every biotech stock before it.... there must be a very good reason for that wording change on proxy #3 to "routine" voting, and 4OurRetirement ==> I like your justification below and hope it is the case!

Or, They Want To Force Disclosure Of Those...

Behind the 100million non-voting broker votes by making them vote no. Perhaps the deal PPHM is trying for is with someone other than the group behind all those shares. If "they" don't vote no,PPHM will have enough shares toclose a deal with a different entity and those 100millionsharevotes won't be able to stop thenew and better deal?!!

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...see, I lost track again, here is that article about brokers and voting...and I'm hoping hear back from a source of current laws for both US and off shore hedge funds and voting rights the broker has.

David Wins a Small Battle Against Goliath

By BobbyCasey on February 25, 2010

Our job is to provide you with relevant information and news as it relates to your assets. We strive to seek out the information and relay it back to you in such a way, so you can make decisions on how to manage your wealth and your asset protection plan. Many of you are likely individual investors and as of last July, it seems David has won a small battle against Goliath.

You may have noticed in the past few months when you receive your shareholder ballots that if you don’t reply, your broker will send you several reminders asking for your vote. I know I have noticed it. And in years past, you received one notice requesting your vote and if you didn’t reply, that was the last you heard of it.

In July 2009, the NYSE Rule 452 was amended to disallow the automatic broker vote. What this means is that if you don’t vote, your broker cannot vote for you. Pre-July 2009, if you didn’t vote, your broker could cast a vote on your behalf. And 9 times out of 10, the broker would just vote yes to the board recommendations unless there was a major movement to oust executives.

Historically, only about 30% of the shareholder ballots are returned with a vote. Which leaves 70% with no vote, and before last year, the broker likely just voted in favor of the board recommendations. Now, without your vote, the broker cannot vote on your behalf, which makes your vote much more important. This is great news for the small investor. We actually have won a small battle against the Wall Street behemoths.

http://www.globalwealthprotection.com/david-wins-a-small-battle-against-goliath/

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