Avid Bioservices Inc (CDMO)

[bidrite]

This is primarily because the BNV don't reflect a decision by the owners of the stock for a voting preference plus the BNV may exist because of problems with the brokers responsible for informing the stock owners etc. Defaulting to vote "for" or "against" management proposals does not seem appropriate for nonroutine manners like selecting Board members or approving an employee stock ownership plan

This is the exact same tactic they used to get 500M more authorized shares. We were all going nuts when they illegally shifted the proposal to be routine. The BNV should not be tallied with the proposal to elect themselves, but there is nothing to stop them from doing it. They have a history of changing non-routine to routine.