Replies to post #231504 on Avid Bioservices Inc (CDMO)

[Along4theRide]

Interesting pickup

[cheynew]

Good catch. Very interesting. My bet is King may not have supported it. There is no doubt the 3 amigos did since they vote in unison.

[realist1]

RE "UNANIMOUSLY RECOMMENDS Vs. RECOMMENDS "

Great observation, just no way of knowing what we can conclude about who didn't want it and why.

[realist1]

Great catch CFH. I see your programmer analytical skills and eye for detail are still acutely tuned. ;-) I used to do that so apparently I'm slipping.

I put more weight on this than all the "family", secret partner etc fantasy that has been posted here.
There are 4 people on the PPHM BOD, therefore we know that 1 and only 1 voted against the other 3. Who and why is the question.

So other than good job to you for catching that, never let it be said that Realist1 does not give credit where credit is due.

To the 1 PPHM BOD member that demonstrated integrity for the defense of shareholders, I say good job to you. And I apologize for making statements that grouped the entire BOD together when 1 stood out opposed to the other 3.

The next step or question: "broker non-votes are counted as votes “against” this proposal." Is this as a result of the non unanimous BOD vote? It's possible the two are linked. If so, that 1 BOD member did shareholders a HUGE service in making it more difficult to pass this abominable proposal.

Of course this also shoots down any "great secret partner deal" fantasy or proposal #3 would have passed unanimously.