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  4. CytoDyn Inc (CYDY) Message Board

That's a fair point and I have no problem if that

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Post# of 153986
(Total Views: 453)
Posted On: 08/26/2019 9:21:06 AM
Posted By: sjacobs26
Re: Coco Beans #6672
That's a fair point and I have no problem if that is what is determined. I guess my stance is more that this should be determined by a judge and CytoDyn not let these shares go uncontested given the fact that RP has brought a lawsuit.

IMO CytoDyn should file to exercise the option to purchase the restricted shares. A judge would make a determination whether RP retains voting rights with these shares until the bigger picture is sorted out.

Also, I agree and misstated that RP needs to prove his innocence. CytoDyn needs to prove the 'for cause' reason to terminate RP......but these shares shouldn't just be ignored with a lawsuit now in play and as I understand only a 90 day period to exercise the repurchase option. While it appears on the surface that RP is only requesting $1.3M (likely just based on out of pocket cash from CytoDyn for the salary and pro-rated bonus for this year), IMO these shares make it worth significantly more.....although not direct cash from CytoDyn.


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