Cytodyn Inc (CYDY)

[Bored Lawyer]

I agree with your post 100%. I am a hard NO on this item unless something changes majorly between now and the vote.

To be clear for the board's purposes, however, the current incentive pool is 25M. They've issued all but 800,000 of that pool, and the remaining 800K is not sufficient to cover promises already made (i.e., incentives already granted). The ask is to double the size of the current pool, from 25M to 50M (so an additional 25M of authorized incentive shares).

Given that they just authorized another 100M shares, it's somewhat galling to now ask to use 1/4 of those shares for an equity pool.