Replies to post #64730 on Cytodyn Inc (CYDY)

[JPG77]

OMG!! What does that old news mean??

[JPG77]

Call Klump and he'll confirm it.

"Scott Kelly, M.D. added, “I would like to extend my sincerest gratitude to Michael Klump for serving on the board of directors of CytoDyn. Michael provided us with invaluable guidance and vision at a critical time for our company. Michael remains an ardent supporter of the science of CytoDyn and a significant investor. While Michael’s increasing business responsibilities drove his decision to step down from our board, I am thrilled that he will remain an advisor to both the CEO and Chairman of the Board.”

[edwardport]

he is till liable for board actions taken before his resignation date

in my opinion all cydy shareholders will see the self enrichment plan that the board approved

[edwardport]

perhaps the board member resigned because this corporate action (financing) is a major liability for him as well as it is for all board members

On December 30, 2019, the Company entered into a private warrant exchange in which certain accredited investors purchased unregistered common stock at a reduced exercise price per share of $0.50 for any warrant with a stated exercise price greater than $0.50 per share and no discount for warrants with a stated exercise price equal to or less than $0.50 per share.

The Company sold 2,230,000 shares of common stock, as well as 446,000 additional shares as an inducement to exercise their warrants, for a total of 2,676,000 shares of common stock, $0.001 par value. Aggregate gross proceeds from the private warrant exchange were approximately $1.0 million.


at that time the stock was trading close to $1.00 per share so why do a financing so cheap? self enrichment? average price per share under $0.25

now the stock trades up to $2.50 per share and they walk away with 10-1 on their money

WOW! NOT GOOD AT ALL FOR SHAREHOLDERS