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CytoDyn Inc CYDY
(Total Views: 511)
Posted On: 05/25/2022 9:41:32 PM
Post# of 154853
Posted By: havasu78
Re: MGK_2 #123740
Pestell got the warrants either because Cytodyn attorneys knew they would lose the case or because Cytodyn's financial problems directed a cheaper-to-settle-than-litigate decision. Its just a routine litigation decision. Were Pourhassan still CEO, the decision would not have been routine.

Pestell's attorneys are almost certainly paid on a contingency fee basis. Pestell doesn't have to lay out any cash. Cytodyn does have to pay hard cash to the Cytodyn attorneys.

The "we look forward to re-engaging with Dr. Pestell" comment is possibly part of the Pestell settlement agreement.

If the "we look forward to re-engaging with Dr. Pestell" comment was made freely, unsolicited, and without reservation by Cytodyn then Urbach sees significant value in Pestell.













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