Replies to post #205294 on Cytodyn Inc (CYDY)

[Grip it and Sip It]

I think there were many competing parts and interests. I think Nader thought if he won the vote he’d save his vote. Shortly after the new attorneys came in and it was disclosed the investigation expanded, they may have recommended firing him ASAP. We will all know in due time.

[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.

[3X Charm]

Not to mention the millions in legal fees wasted fighting to keep Nader. If Kelly had any guts or intelligence, he would have brokered a deal with 13D to fire Nader and replace him with an agreed upon slate of BOD members and a new CEO. Instead, EVERYONE LOST. 13D would have been happy with any pivot away from idiot Nader.

There was a chance 6 months ago with the share price then, versus now. Dead in the water, running on fumes. Can’t last long.