Avid Bioservices Inc (CDMO)

[exwannabe]

Think about it....Ronin takes over and any current BODs may depart and take "sealed" record info with them

So in addition to the existing board being overpaid and incompetent, you accuse them of being outright criminals. So if they are kicked out, they could steal corporate info on the way out and damage the company. Thus they should remain in control.

That is almost as good as the point that they deserve to be grossly overpaid because they know their options are worthless. Of course, the reason the options are worthless is because of their incompetence in the first place.

But yes, it is not right for a 8% shareholder to nominate replacements, it is clearly best to stick with those with 0.01% ownership.