Replies to post #312382 on Avid Bioservices Inc (CDMO)

[Protector]

exwannabe, exactly. I sugested such a RONIN card wit their 3 candidates plus CEO KIng + 3 X (today Dr. LIAS + 2X but Lias wasn't nominated when I wrote the suggestion).

It was then also said that RONIN would need permission to do that but I think your explanation is correct.

Maybe the opposition at the time did not take into consideration that if RONIN made a RED card with 3 RONIN + KING + 3 PPHM that he can only do that of ALL 3 PPHM new members where know (nominated by PPHM) and hence we would BY DEFINITION find ourselves in a position where 3 RONIN is NOT a majority and hence allows RONIN to name KING + 3 PPHM WITHOUT permission.

I think your explanation couldn't be more clear.

And YES, if RONIN would propose such a CARD then all our problems are solved because we could vote 3 RONIN, CEO King, DIRECTOR LIAS + 2 OTHER PPHM in one card and no need for whatever fear that either RONIN wouldn't have the needed votes or that ES, CJ or DP would make it to the BoD.

But here is what I suspect will happen:

PPHM will nominate the remaining 2X, use its SEC filing limits of 4 days to make it public and calculate it so that when they announce it it will be out of time for RONIN to make a new card.

If I were RONIN I'dd issue a new RED card NOW with the 7 candidates as listed above. I fear RONIN has NO interest in that because it doesn't give them the FULL CONTROL they are after.

And with all that, rONIN will NOT immediately have a full majority and their candidates can proff themselves. Furthermore we do NOT depend on RONIN to remove ES, CJ and DP because the card would be FINAL. SO no surprises if, and that is if, RONIN would be in cohorts with ES, DP and CJ. That is why we CANNOT let RONIN remove DJ, ES and DP after some OTHER type of vote because then we become dependant on RONIN for that.

We will see.

[peregr]

Ex-this goes back to Ronin only nominating 3 when there are 4 seats. This was addressed in their filing in that they commented they would be able to take their votes and allocate them to a Tustin nominee. If the board increases, Ronin will be able to do the same in voting their votes, or add to their slate. So if one "truly" wants a check and balance, vote the Ronin card and allow them to select from the Tustin card. Therefore, they can do the dd, and we can avoid the puppet government. They can do the cross voting of Tustin selected candidates and retail gets the same outcome without the unintended consequences of throwing away a Ronin proxy card and then voting the Tustin card with exceptions. How can someone encourage to vote for nominees not even yet nominated?

[peregr]

The key phrase is "they have to agree to be listed". This is the bona fide candidate rule . It would be great if Ronin could pull this off, but I would find it difficult because of the "loyalties".