Replies to post #305362 on Avid Bioservices Inc (CDMO)

[bigbro1]

Bavi failed and Avid is failing.. Time to get rid of this BOD and get Ronin in..

Bring it on RONIN !

[laVieEnRose1]

I agree with you CP 100%!!!!. Ronin the auctioneer is raiding the company and some of us longs don't see their true intentions. Bavi is very very valuable. Together with AVID, pphm can truly make deals with BP or go it alone.

v/r

[geocappy1]

I stand corrected. We have one shareholder on this board that would choose this current self-serving, non-armslength, blood sucking parasite BOD over Ronin if there are no other alternatives.

[bfiest]

Do you really think the current BOD would recuse themselves? That is not their MO. Who wins if the vote is split with a third group. Not Ronin and not the third group I can almost guarantee that.

[biopharm]

"..It is NOT the shareholders fault that the resume/CV of said BoD members looks so bad. Ronin has made this official and the persons in question have apparently accepted Ronin's version and related conclusions as TRUE because they didn't defend themselves officially. Hence that is how I am going to see it from now on because this is no longer an anonymous message board set of accusations, this is in a SEC listed document.
..

..."

CP, as with the death of Dr Phil Thorpe, all must have considered the possibility of homicide even the slight chance and with the dose swapping and sabotage, the previous probability must increase for the chances that the death of Dr Thorpe was simply natural.

Now....wouldn't you think that the "no fight back" in any way to Ronin SEC filed hostile actions against the BOD from Peregrine BOD equates to also an increase in probability that there may have been some manner of threats made toward one or more current Peregrine BODs? ....and this may be an easy way out for any BOD meeting, especially not even defending themselves in appeal to the SEC fikings by Ronin ....

Does not make sense as to WHY Peregrine BODs accept Ronins version of themselves because anyone on face value without knowing full details would likely vote for Ronin

[Protector]

UPDATE on PPHM BoD Member Candidates

The PPHM Charter adoped on 29th April 2004 is indeed a BINDING document to shareholders because it has been included in the Annual Meeting(s) of shareholders and is therefore a document that is PUBLICLY available and explains what shareholders MUST DO upfront if they think about proposing BoD member(s) for the NEXT Annual Meeting.

It became only binding on the FIRST Annual Meeting AFTER 29th April 2004 (which was in JUL that same year 2004) and therefor did only APPLY for BoD Member propositions for the following FY (the annual meeting of 2005).

The document has, and still is, referred to by PPHM in EACH and EVERY annual meeting and is continuously available to all on their web-site in the Nomination Committee section.

SO unless Ronin did file, more then anecdotal, to the Nomination Committee (before April 3th 2017) and we wouldn't know about it (the committee apparently is held to some discretion), then NO VALID BoD candidates can be placed on the ticket and all this is a BIG SHOW because I CANNOT POSSIBLY IMAGINE that the party that wants to take control over PPHM didn't do sufficient D&D to know how they had to file?

But IF they filed it ALSO means PPHM KNEW what Ronin was up to at the latest on April 3th 2017.

It would however allow Mr White to say that they filed in time for the shareholders proposition (which is correct) not adding they already KNOW they will not be on the ticket for a completely OTHER reason, namely that their candidates couldn't be vetted by the BoD according the Charter regulations fr Nominations. While that would not be lying at find that given the Ronin/SW ambitions they might at least be complete.

And we NEED to hear it from Ronin officially because if PPHM private mail or public annual meeting statement are anecdotal at the best than all such private Ronin/SW info by phone is TOO.

And one liner claim such as "Wrong facts and misinformation again as expected." without any comment on WHY the facts are wrong or misleading will change NOTHING. Mostly such explanation end up in a twist or deformation of what has been said.

[swg_tdr]

CP, another Derivative if no stepping down?

So if the BoD really has the best interest of PPHM shareholders in mind and in absence of a defence they should step down and replace themselves with strong candidates from the Scientific and Biotech/Pharma Industry, possibly a lawyer but then one of reputation and Keep CEO King as the President & CEO.

It is NOT the shareholders fault that the resume/CV of said BoD members looks so bad. Ronin has made this official and the persons in question have apparently accepted Ronin's version and related conclusions as TRUE because they didn't defend themselves officially. Hence that is how I am going to see it from now on because this is no longer an anonymous message board set of accusations, this is in a SEC listed document.

interesting and thank you

[laVieEnRose1]

CP - Great post. I'd like to bring your post to the top of the stack. I consider Ronnin the auctioneer is a danger to this little company. I think you are correct that R failed in filing. That should give pphm enough time to be profitable and b ready to take on the BP industry. Cancer drugs are not easy to develop. It takes time, incredible intelligence, dedication, commitment, blood, sweat, n tear while at the same time the company has to fend off wolves, sharks,... who do anything for a dollar.
It's tough but exciting, isn't It?
Cheer
:-)

[exwannabe]

Ronin's PPHM BoD Candidate Nominations.

CP, the deadline for submitting the nominations is Aug 15th.

Your "120 day" deadline is for submitting a nomination recommendation for nomination. That is a totally different beast.

The "recommendation" is asking the nominating committee to consider them in their choice for who they recommend shareholders vote for.

A nomination OTOH, is an actual nomination to make them eligible to receive votes.


From the last ASM proxy

Quote:
In accordance with our Bylaws, stockholders may nominate a candidate for election as director by complying with certain notice and other requirements set forth therein. For a stockholder to make any nomination for election to the Board of Directors at the 2017 Annual Meeting of Stockholders, the stockholder must provide notice to the Company, which notice must be delivered to, or mailed and received at, the Company’s principal executive offices not earlier than the close of business on June 15, 2017 and not later than the close of business on August 15, 2017. However, if the 2017 Annual Meeting of Stockholders is not held between September 13, 2017 and November 12, 2017, the notice must be delivered no earlier than the close of business on the 120th day nor later than the close of business on the 90th day prior to the 2017 Annual Meeting of Stockholders or, if later, the 10th day following the day on which public disclosure of the date of the 2017 Annual Meeting of Stockholders is made. ...


The other deadline is from the Nominating committee charter

Quote:
10. Timing for Submissions Regarding Nominees for Election at Annual Meetings. A stockholder (or group of stockholders) wishing to submit a nominating recommendation for an annual meeting of stockholders must ensure that it is received by the Company, as provided above, not later than 120 calendar days prior to the first anniversary of the date of the proxy statement for the prior annual meeting of stockholders. In the event that the date of the annual meeting of stockholders for the current year is more than 30 days following the first anniversary date of the annual meeting of stockholders for the prior year, the submission of a recommendation will be considered timely if it is submitted a reasonable time in advance of the mailing of the Company's proxy statement for the annual meeting of stockholders for the current year.

The second is not a deadline for nominating, it is a deadline for requesting the Nominating Committee consider your candidate as the "company" nominee.