Cytodyn Inc (CYDY)

[ClosetInvestor]

“I wonder why Cytodyn waited until just after the SH vote which allowed NP to be voted in, just to then turn around and fire him completely from the company?”

Prior to the SH meeting, NP had control of the BOD and they were never going to fire him. They were making far too much money. At the SH meeting, the new BOD members were voted in, including Tanya, who has extensive experience, including time at Paulson. IMO, Tanya was a plant by Paulson to rid CYDY of NP. Once it was clear that NP needed to be removed (Samsung not paid, no cash for the Amarex bond, SEC/DOJ, etc.), she took control and removed him.

He should’ve been removed years ago, but the BOD was under his control. This new BOD has a big challenge to fix what the former CEO and BOD didn’t do to correct NP’s ways.