I initially did not put much weight upon the earlier felonies and BK. Upon observation of lies and theft at CYDY, as well as failures in trials, it has become apparent that these earlier brushes with the law and personal failures are part of a larger pattern of behavior where NP believes rules do not apply to him.
Clearly, with the bounced check there is more to the story, or he would not have recorded such a harsh punishment. This is called logically connecting the dots.
With respect to violating a protective order with his wife, he knew the rule and violated it anyway. “ Rules do not apply to him”.
He knew the CD 12 trial, according to Lalezari needed 4 doses, but instead of running a small dosing study to prove it , he ran a 2 dose trial thinking he could push it through.
When the CD12 trial failed he lied to investors about the results, which prompted the bombshell FDA PR that publicly rebuked the company and therefore its CEO.
CYDY has a compensation plan. No problem, he took more shares than entitled to, was sued, cost shareholders $4.1 million for legal fees. In that case the Magistrate called him the “ mastermind of the scheme” and called him out for “ unmitigated greed “. He did this on a prior occasion as well.
He tried to force Pestell to conduct a trial that could be unsafe for patients according to Pestell and other doctors. When Pestell refused Nader fired him for no cause. This was established by an independent 3rd party arbitration panel, which cost shareholders $7.6 million dollars.
He thought he could force through an unprofessionally prepared HIV BLA and got hammered for it with an RTF. An RTF is rare and drugs receiving and RTF have a very low probability of getting approval.
Now according to the latest 10 K filing the SEC and DOJ are investigating the company.
There is much more and the above items are true and found in the record. Several of these , individually should have cost his job, but the COB who could fire him, actually reports to NP, so the company has no effective governance. This is why the BOD must be removed.
If NP didn’t constantly lie and steal from the company, the earlier foibles could be see as irrelevant. Given the above record, his actual criminal record are part of a dysfunctional pattern of behavior and when taken in aggregate, are not at all fitting for the face and leader of any organization. This is particularly true of a pharma company where precision and following rules and regulations are critical to success.
Oh and now we get to pay millions in legal fees to try to keep the man with the above abysmal record due to NPs desperate attempt to keep his job by fighting shareholders seeking only professional governance of CYDY.
This is the case against NP. There is no case for NP. His whole history is relevant for understanding why he is such a failure and his history proves he will not change. In fact he has gotten worse.
My opinions are formed by the factual record cited above.
News 
Market Data 
Discover 
