Avid Bioservices Inc (CDMO)

[Protector]

thealias, suppose for a moment that we go in that path.

1) We all receive a letter from the IR office at that time informing us about the Shareholders Protection Plan. One could GET OUT at that time without ANY problem. Those that staid in evaluated to PP as a plus and not as a minus.

2) All those that got in AFTER the plan was activated, if they did their D&D, did not have to get in if they thought the PP was a problem.

3) This is the part you did NOT cut & paste

Advantages of Shareholder Rights Plan
Ever since their introduction in 1982, shareholder rights plans have had a very high rate of success in preventing hostile takeovers. There are obvious benefits for the existing board of directors, but shareholders benefit as well when the takeover might damage the stock's long-term value.

Another major benefit is that poison pills are extremely effective at discouraging monopolistic takeovers. Companies that might otherwise fall victims to overpowering large competitors can use the poison pill method to keep markets dynamic.

4) The Advantages of the PP in the case of PPHM outweigh the disadvantages (and that is an opinion) because I am not crying with the wolf and let a message board tell me how BoD/Management s..ck etc when I first hand experienced that it is not the case and several other posters here to. Here is support for that statement.