Cytodyn Inc (CYDY)

[Chuckles759]

I re-read the quote out of the proxy again. And I don't like it even more.

The Amended and Restated 2012 Plan also includes an amendment to provide that the maximum number of shares of common stock that are available for issuance under the Plan will be increased annually on the first day of the Company’s fiscal year by an amount that is equal to 1% of the outstanding shares of all classes of the Company’s common stock on the last day of immediately preceding fiscal year (the “Evergreen Increase”).

This to me reads ensuring at least an additional 1% dilution of the stock per year solely for "executive enrichment".

Of those 100M shares recently expanding - this "plan" will use 85M of those shares up. Do you really think that in 10 years there won't be a need for more dilution? I see more than 15M shares needed for a raise to get equity to meet NASDAQ req's.

More dilution in the future - almost guaranteed.... A LOT MORE.