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CytoDyn Inc CYDY
(Total Views: 505)
Posted On: 12/13/2019 8:44:30 PM
Post# of 154158
Posted By: the lawman
I have often questioned why Pourhassan does not purchase any CYDY stock.

Of course Pourhassan can purchase CYDY stock, as other directors have done; he simply chooses not to do so.

When I asked Pourhassan in an email why he had not purchased any stock, he declined to answer, stating, tersely, that he had explained his reasons in at least five shareholder calls.

I do not believe Pourhassan has ever publicly explained his reasons for not purchasing stock; however, if anyone can recall such an explanation, please let me know what he said, and when and where he said it.

In the meantime, Pourhassan continues to take a very rich $1.6M compensation package that is being paid for with the sale of highly dilutive registered direct stock, plus $0.30 warrants.

And this after telling the shareholders in the last call that there was no further need for dilution as he had procured non-dilutive financing, to go along with the lucrative non-binding agreement, that would become a signed agreement in six weeks.

Such broken promises, along with many others, concern me greatly.

At this point, I don't believe anything Pourhassan says, and unless I see something stated in an SEC required PR, I will not believe it.

So, to me, the upcoming conference call means nothing, as I can't believe anything Pourhassan says.

I agree with Saltz; Pourhassan needs to be replaced, and replaced NOW.

These are of course only my opinions, and I respect the right of others to disagree.

LM













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