Replies to post #305380 on Avid Bioservices Inc (CDMO)

[Protector]

geocappy, yes indeed. It is pure, egoistic self interest of me.

...current self-serving, non-armslength, blood sucking parasite BOD over Ronin if there are no other alternatives.

I want leverage on my investment. With the current BoD I start to see that coming and I know EXACTLY what it costs me in terms of 'self-serving' remunerations and what little they perform for that except guarding the poison pill and the BoD from hostilities.

With Ronin I don't even know what he is going to do. He makes generic promises as if we would forget he is EQUALLY dependant on the market as is the current team. He CLAIMS but doesn't say WHY he'dd be better.

He feeds on the DISLIKE of the current BoD not on HIS OWN propositions. And that is killingly dangerous for shareholders that in good hope give control of PPHM to 3 RONIN BoD members that one will NEVER EVER be able to REMOVE with Roning's 8% PPHM ownership in support of the BROKER NON-VOTES.

Not EVEN Kenneth Dart could remove him at that point with a bigger counter vote. With the authorised shelf a BoD would only have to throw 5 Mil shares on the market via the ATM and they will almost certainly ALL end up as broker non-votes.

So NO, I am NOT prepared to take the RONIN risk, even though I will not say that I currently like the BoD. Hence my: If there is NO ALTERNATIVE!

And for procedural reasons there CANNOT be any alternative, UNLESS as I posted before, the 3 BoD members replaced themselves out of FREE WILL be stepping down and name temporary BoD members that need confirmation the next annual.

So an that scenario we disagree, while otherwise reasonably on the same line.