Cytodyn Inc (CYDY)

[stockorus]

My post was not about whether he did the right thing from the company standpoint in the long-term sense.

You can call it incompetent. In retrospect, given how things turned out after the short attack and trials and now, of course one wishes they just did the offering and cared not for the new investors who bought above $5. But generally new "investors" hate it when a company hits them with an offering. Keep in mind that stock price did not go up based on solid results, but on covid hope and hype.

But I see it as a deliberate decision; if he wanted to raise, they could have done so. They did not. What was the thinking?

One possibility is it had something to do with that philosophy of not screwing shareholders by raising money in such and such manner. (What that "manner" was will be a matter of speculation or partial information; I don't know what all the variables were.) The decision not to do hard offering at that time would be consistent with such an idealism there. It may not be the only factor but it is reasonable that it was one of them.

Now, you all producing this or that other example - as if you know all the ins and outs of such decisions - need not negate absolutely the possibility that Nader indeed is nobler than you make him out to be, that a lot of what he said in that proactive video of his philosophy and money-raising approach is indeed true. You can make your case and imagine you proved things about how anti-shareholder and self-interested he was. I don't buy the simple picture.