Replies to post #227839 on Avid Bioservices Inc (CDMO)

[4OurRetirement]

BCS, Seems Many Need Further Explanation About Non-Votes...

I agree with one of your prior posts in that I also believe each year the total number of broker non-votes has increased and I believe last fall it was just over 100 million.

But, some don't seem to understand this isn't simply because someone forgot to return their voting card. As I recall there were 3 items on the last proxy to vote on. I think one was voting to accept the accounting firm. I don't remember the second item, butI I believe the third had something to do with high ranking employees or board members or their compensation.

What some may have missed, if my memory serves me correctly, most of those 100 million cast votes for items 1 and 2 on the proxy, but were non-votes for item number 3 (or something to that effect).

I believe I read somewhere, perhaps here on this board, SEC restrictions on shares obtained via CTO or by some other means for the purpose of gaining control or in an attempt to buy a company, could only vote on certain items, like accounting firms but could not legally vote on the company selling to themselves or vote for change in management.

If that is true, potentially you are pointing out this same scenario where potentially 100 million shares of PPHM have been accumulated by a potential partner or buyer!

Glta Stockholders... hold them shares tight!

[Protector]

BCS, indeed you never said ONE party but did indeed imply parties working as one (technically).

It doesn't change ANYTHING to the fact that there are insufficient shares remaining for such parties to jointly hold 50% of the PPHM shares in secret or without anybody knowing or any other wording you like to use to say incognito, etc.

What was demonstrated for a SINGLE party is true for a GROUP acting as a commonly interested parties.