Avid Bioservices Inc (CDMO)

[Protector]

TekNuLoof, I think you have never been at such Annual Meetings (I mean those where shareholders come in mass to make their voice heard while they have no majority in the vote).

Since you will have to pre-register for next share holders meeting PPHM knows EXACTLY how many people will show up. And believe me, unless it was long ago, I have never seen a PPHM annual meeting with a few hundred of shareholders present. So it will show.

This one I was present with a delegation of about 50 people which are my investment bodies. I had a very small position but joined out of sympathy.
It are 45 seconds but believe me there was much more then that (including throwing things at the directors 10 seconds clip). The Minister of the Netherlands was protected by body guards and a security team had to protected the international board.
BNP Paribas Fortis shareholders meeting

So for those that expect that they can 'force' the hand of a company without a REAL 'non coordinated' majority are in for a surprise. The very call for joined action, under the poison pill terms, might even qualify for acting in cohorts if it translates in the same group's coordinated voting against BoD advice.

So yes, you can SHOW that some shareholder are not satisfied. But that is the limit of what is possible. Count me out because I am NOT unsatisfied. I like a higher PPS but I do not consider the stopping of a clinical trial the doing of management. But I do see the collaborations and the fact that everyone stays on board and that Avid temporarily saves the day.

I go to the PPHM Annual Meetings as an interested shareholder or I don't go because I am not believing in the company and am no longer invested. All the rest is a loss of time. But I certainly don't go there in an emo-trip because the PPS is low.