Cytodyn Inc (CYDY)

[Northstar42]

Accusations, rumors, untruths, and innuendos are being posted about the intentions of the nominees of the activist investors. Prior to the proxy solicitation period, when candidates will be free to address and answer questions from shareholders, the best source of reliable information regarding the intentions of the nominees are the S.E.C. filings. As far as I know, any material actions, intentions, and/or financial considerations must be filed and become public record. If there is mention of an acquisition, I have not read it. If I am wrong, please provide documentation because I am certain we all would like to know.

That said, it is my understanding that acquiring another company, if it occurred, would have to be an "arms length" transaction and free of conflict of interest. No responsible Board of Directors of a public company in today's regulatory environment, would expose themselves to the liabilities associated with actions which benefitted one group of shareholders and not another. A Board must meet fiduciary standards or suffer the consequences. Witness recent CytoDyn's expensive and damaging lessons at the hands of the FDA and SEC, not to mention the $10MM costs of recent arbitration decisions.