Cytodyn Inc (CYDY)

[Scooter McCabe]

Ah the oldest of all the bad faith arguments.

Well couple problems here.

1. Nader has stated multiple times the ol' reverse split is off the table. He knows that would tank us and wants to see the share holders rewarded not punished.

2. We already had multiple good news events and no reverse split. So this theory has already collapsed.

3. The authorized shares exist in case financing doesn't happen.

4. Having extra shares that you can sell provides a "poison pill defense." So a hostile takeover could be thwarted in the event another company wanted to try and get us cheap.

5. "An R/S could come before or after they begin to sell some authorized shares." Okay wow. First if you did a reverse split before selling more shares no one would buy them out of lack of confidence. Reverse splitting after selling more shares would cause a share dump and kill the company.

6. We talked about doing a reverse split before and the shareholders practically had a riot.

7. Any reverse split would have to get approval from the board of directors. The board is excited enough by the prospects that a reverse split is seen as cutting into their payday.

8. A reverse split and the chaos that would result would disrupt uplisting.

Myth Busted.