Cytodyn Inc (CYDY)

[Northstar42]

Just finished reading the "White Paper" detailing the Fife Loans. First, the terms were massively unfavorable to the company, but worse those terms were violated to the benefit of the lender without the company receiving a quid pro quo. The result was dilution and allowed the lender to short the stock with impunity if he chose.
Second, why did Nader Pourhassan and the audit committee allow this to happen? IMO, a simple straightforward sale of stock to the public would have been less dilutive and less expensive. The Fife deals are at best financial incompetence and at worst_________(fill in the blank).