Cytodyn Inc (CYDY)

[ohm20]

if NP accepts it - SH can do nothing about it.

Under Delaware corporation law -

Every corporation may at any meeting of its board of directors or governing body sell, lease or exchange all or substantially all of its property and assets, including its goodwill and its corporate franchises, upon such terms and conditions and for such consideration, which may consist in whole or in part of money or other property, including shares of stock in, and/or other securities of, any other corporation or corporations, as its board of directors or governing body deems expedient and for the best interests of the corporation, when and as authorized by a resolution adopted by the holders of a majority of the outstanding stock of the corporation entitled to vote thereon

https://delcode.delaware.gov/title8/c001/sc10/index.shtml

Your own post assumes buyout offer would come on results. Do you think with good results the share price will stay the same? Do you think NP and the Board wouldn't do due diligence on the offer? Do you think a shareholder vote would be immediately called? Do you think it would take less than 2 to 3 weeks? The 13% is based on share price after COVID-19 approval.

The actual market cap will be around $2.4 B if we consider all o/s shares and warrants. So a BO at $12 B is around 4.8 times current price

All this assumes that results are great