Avid Bioservices Inc (CDMO)

[spankyvol]

Direct Registration System Question???

So how do we get the securities registered in my name? I trade through an electronic service.

The Board of Directors of Peregrine Pharmaceuticals, Inc. (the "Company") adopted certain amendments to Article V of the Company's Amended and Restated Bylaws (the "Bylaws") to clarify that the Company's outstanding securities may exist in either certificated or uncertificated form, and to make other revisions relating to that clarification.

The Direct Registration System allows investors to have securities registered in their names without the issuance of physical certificates and allows investors to electronically transfer securities to broker-dealers in order to effect transactions without the risks and delays associated with transferring physical certificates.

The amendment to Article V also provides that each registered stockholder shall be entitled to a stock certificate upon written request to the transfer agent or registrar of the Company.