Cytodyn Inc (CYDY)

[shallwemaui]

Shareholder meeting:

45 mins total, no surprises on voting, all passed...only 54% on reverse split and 57% on authorizing shares, so really, all of the "little people" voted no and board controlled shares voted yes.

they can't tell us anything about future offerings at this point...will need 35m to finish all the tests they plan though, so dilution is possible.

anyone who has input, submit a letter to Nader at the company and they will address all...also, if you want to go there and sign an NDA, they will give the inside scoop.

biggest news is they do have a new PR firm, and will be doing a 10 min and 20 min video, interviewing patients and medical providers in the various testing, so a real life account of how much better pro 140 treats vs previous regimen.

mulholland was questioned on reverse split, as shareholder experience is it is usually done by sinking ships. he says they have studies which show that when done for up-listing by companies with good fundamentals to allow inst investor access, can be a success. In our case the good fundamental would not be solid revenue, but solid testing results. but let's face it, they are trying to avoid the reverse ploy. BTW if we did a 1 for 5, we would be down to 40m shares outstanding (including warrants promised) so if it were coming soon, they wouldn't have bothered to get the 350m share amount okayed -my commentary, not mgmts.

otherwise a "by the numbers mtg".