Avid Bioservices Inc (CDMO)

[tradero]

Just received this reply from my broker to my enquiry about how they would proceed about the Broker NON votes (I very clearly specified that it was a ROUTINE vote)


Dear Mr. ,

Interactive Brokers does not vote proxies on behalf of clients. Therefore, what ever the terms are for non-voted shares will be processed by the Issuer.

As a convenience, a control number has been requested, and will be posted to this ticket with instructions how to review the materials and voting online.

Deadline information will be provided for online voting as well.

Regards,

If I understand this correctly, Brokers (at least this major one) would do nothing about Brokers NON vote.
So, we go back to square one. If the BoD has (statiscally speaking) more than 40% of NO votes to start with ... How are they planning to get #3 approved? Or are they as stupid as some on this Board claim proposing an impossible item?
I dont think they are that stupid, I just think there has to be a plan we just dont know about