Replies to post #211060 on Cytodyn Inc (CYDY)

[justdafactss]

CYDY sure likes to go thru a bunch of bullshit wording just to say we're out of cash and have to pay employees with shares.

Says here---

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/