Cytodyn Inc (CYDY)

[Bill_ENG]

This is why I posted in the past that Cytodyn should have reset the date of record for stock ownership when they rescheduled the meeting.

I currently own more than 30,000 shares that I cannot vote due to the fact that I bought them on dips after the Sep 1 date.

I can pretty much assume that the someone who sold that stock is not voting with the company. Its possible they may not be voting at all, since they sold and are no longer intereseted.

Even though the BTD application is very good news regarding the potential of the company, it is not guaranteed.

I will not buy any stock in this company till after the 200 Million authorization vote is settled. If the 200 million is not authorized it will not bring about the bankruptcy of the company. What it will cause is a different strategy for freeing up existing shares.

That strategy is called a Reverse Split and depending on the ratio can free up 400 million to 600 million shares.

You dont have to be a math genius to know that Dilution after a Reverse Split is compounded dilution which is very much worse than adding 200 million to the authorized, It immediately affects shareholders, whereas authorizing the additional 200 million means they might take a good long while to use them up.

The 13D thinks they can force Cytodyn to work with them on a financially crippling deal for money. They are wrong, there is that other more drastic approach that Cytodyn can take that will decrease the 13D Groups owwnership and get them additional money.

jmo