Avid Bioservices Inc (CDMO)

[keep_trying]

Threes, do you have any sense as to why the ASM and vote has not been announced? The stage has been set for the proxy vote, it seems.

Of course, the management takeover initiative from Ronin can be expected to have the current management team working to preserve their positions and business plan, which can explain delay. Besides news of a PPHM tech new development, I suppose more drama could be added if PPHM is preparing to announce more appointments to the Board in conjunction with the exiting of the BOD members you cited. Otherwise, ???

I certainly hope there is more involved here than PPHM just assembling a larger BOD count before the proxy vote. In their latest letter to shareholders, CEO King has been added to the Ronin list of unqualified/problem managers/directors. That is a change from earlier Ronin communications and a red flag.

Best wishes and IMO.

KT