Thanks for pointing this out for the board, skezan
Post# of 153933
(Total Views: 533)
Posted On: 09/02/2020 11:14:12 AM
Thanks for pointing this out for the board, skezan.
These are the issues that have caused me to rethink and reduce my position here.
So, CYDY management, you purported to grant more equity compensation than you had authorized?
Why does that seem familiar? Sort of like ... overpromise and underdeliver.
So, CYDY management, you need more authorized shares in the incentive pool to cover promises previously made?
How about just asking for enough to cover THOSE promises? Then calling a special meeting to ask for more once you've gotten the BLA accepted. Or a COVID EUA.
Unless they plan to use that 25M share increase in the incentive pool to hire connected, experienced talent that demands that kind of price tag, my vote will be NO.
(not that it matters - it will pass).
From the proxy:
These are the issues that have caused me to rethink and reduce my position here.
So, CYDY management, you purported to grant more equity compensation than you had authorized?
Why does that seem familiar? Sort of like ... overpromise and underdeliver.
So, CYDY management, you need more authorized shares in the incentive pool to cover promises previously made?
How about just asking for enough to cover THOSE promises? Then calling a special meeting to ask for more once you've gotten the BLA accepted. Or a COVID EUA.
Unless they plan to use that 25M share increase in the incentive pool to hire connected, experienced talent that demands that kind of price tag, my vote will be NO.
(not that it matters - it will pass).
From the proxy:
Quote:
We currently have 800,897 shares available for issuance under our 2012 Equity Incentive Plan, which is not sufficient to cover the grants we have already made to our executive officers and non-employee directors for fiscal year-end 2021, nor will it be sufficient to cover grants we need to make to our employees and new hires in the future
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