Welcome to the board Coco Beans. To clarify my
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Posted On: 08/26/2019 8:51:00 AM
Re: Coco Beans #6663
Welcome to the board Coco Beans.
To clarify my statement was about the 8.432M shares that CytoDyn has the option to purchase for $.001/share under RPs employment clause for being terminated. I stand by this statement. If CytoDyn and RP has any type of gentleman's agreement in place, the lawsuit filed on the 22nd of August throws this out the window IMO. Exercising this option before the expiration date of 23 October is the prudent thing for CytoDyn to do (and right by us shareholders). If RP is found to be rightfully terminated then this decision will stand.....if not then he will receive these shares back along with the other 'employment' benefits he is seeking.
RP has the right to vote with shares that are rightfully his.....by no means am I meaning to stifle his voice. IMO is he was terminated 'for cause' and now bringing a lawsuit against CytoDyn, then he needs to prove his innocence to get these shares back instead of being given them as that doesn't align with the situation.
If NP or the BOD had done anything wrong in this situation, it will come to light if this proceeds to court. Reading the letter filed on RPs behalf, pretty much all of RPs case occurs around the end of June and July. What happened the previous 6 months that isn't addressed here. Was RPs job hindered then? My opinion is it was not and he was not performing his duties. If it plays out and NP or the BOD were not acting in the best interest of us shareholders, then I agree with you. I am not absolving anyone of anything yet, but wouldn't let the option expire to purchase the 8.432M restricted shares back from RP until this is sorted out.
All the best!
To clarify my statement was about the 8.432M shares that CytoDyn has the option to purchase for $.001/share under RPs employment clause for being terminated. I stand by this statement. If CytoDyn and RP has any type of gentleman's agreement in place, the lawsuit filed on the 22nd of August throws this out the window IMO. Exercising this option before the expiration date of 23 October is the prudent thing for CytoDyn to do (and right by us shareholders). If RP is found to be rightfully terminated then this decision will stand.....if not then he will receive these shares back along with the other 'employment' benefits he is seeking.
RP has the right to vote with shares that are rightfully his.....by no means am I meaning to stifle his voice. IMO is he was terminated 'for cause' and now bringing a lawsuit against CytoDyn, then he needs to prove his innocence to get these shares back instead of being given them as that doesn't align with the situation.
If NP or the BOD had done anything wrong in this situation, it will come to light if this proceeds to court. Reading the letter filed on RPs behalf, pretty much all of RPs case occurs around the end of June and July. What happened the previous 6 months that isn't addressed here. Was RPs job hindered then? My opinion is it was not and he was not performing his duties. If it plays out and NP or the BOD were not acting in the best interest of us shareholders, then I agree with you. I am not absolving anyone of anything yet, but wouldn't let the option expire to purchase the 8.432M restricted shares back from RP until this is sorted out.
All the best!
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