Replies to post #210697 on Cytodyn Inc (CYDY)

[justdafactss]

Employers Cannot Pay Employees With Stock or Equity In Lieu of Cash

A company with a bright future but a temporary cash shortage might be tempted to compensate employees with an ownership interest in the company (stock or equity) instead of with cash.

But, is this practice legal? Generally, the answer to this question is no. Under state and federal law, employees must be paid at least the minimum wage in cash. Providing equity, no matter how much the equity is worth, does not fulfill this requirement.
https://employmentlawblogma.com/2015/09/30/employers-cannot-pay-employees-with-stock-or-equity-in-lieu-of-cash/

[ClosetInvestor]

“A choice? LOL..these execs can go anywhere to work”.

No biotech is going to hire SK. None. He was trading stocks and emailed NP about the company and NP offered him a job. What a joke. His “experience” helped dig CYDY into a historic biotech hole.