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Posted On: 02/01/2022 8:01:01 AM
Post# of 148891
I have a few questions for the lawyers on this board based on your experiences.
In bond posting situations like Cytodyn finds itself, is it normal for a court to push timelines back like they did, including giving a second fallback date if the first isn't going to work?
What are the typical reasons they might allow this?
It can't just be because Cytodyn called up and said "Hey bro, we totally forgot about this whole bond thing and until we move this last crate of logoed mugs we aren't going to have the money. Can you be cool and let us pay in a couple weeks? C'mon, be a bro!"
Can it?
Is it plausible they could ask for, and receive, a delay in paying because they anticipate an imminent and significant change to their share price in the coming days?
As I put it in an email to another board member, what's the point of a deadline if you're just going to change it willy and/or nilly? What's our willy? Who's our nilly? Does anyone still use the phrase "willy nilly"? Am I spelling it right or are we looking at an hors d'oeuvres situation? Whillie Gnillie?
OK, that's it. That's too much hard thinking for this early in the morning.
I'll thank you in advance for your answers before 9:30am eastern standard today, but if you need it we can push back the deadline to 4pm or, if you ask nicely, February 11th at 4pm.
In bond posting situations like Cytodyn finds itself, is it normal for a court to push timelines back like they did, including giving a second fallback date if the first isn't going to work?
What are the typical reasons they might allow this?
It can't just be because Cytodyn called up and said "Hey bro, we totally forgot about this whole bond thing and until we move this last crate of logoed mugs we aren't going to have the money. Can you be cool and let us pay in a couple weeks? C'mon, be a bro!"
Can it?
Is it plausible they could ask for, and receive, a delay in paying because they anticipate an imminent and significant change to their share price in the coming days?
As I put it in an email to another board member, what's the point of a deadline if you're just going to change it willy and/or nilly? What's our willy? Who's our nilly? Does anyone still use the phrase "willy nilly"? Am I spelling it right or are we looking at an hors d'oeuvres situation? Whillie Gnillie?
OK, that's it. That's too much hard thinking for this early in the morning.
I'll thank you in advance for your answers before 9:30am eastern standard today, but if you need it we can push back the deadline to 4pm or, if you ask nicely, February 11th at 4pm.
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