SmileyRiley on iHub on 10/18 gave the history of t
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Posted On: 12/20/2020 1:27:20 PM
Re: dawsonmackay #68961
SmileyRiley on iHub on 10/18 gave the history of the buying of Pro140:
I don’t think any individual can take total credit for any one aspect of a decision in a publicly traded company... I also won’t question that Mr. Ness had involvement with the acquisition of PRO140 and you are correct that Mr. Ness name and signature are on the contract in July 2012. It’s been reported after the deal was signed, NP, then managing director of business development at CytoDyn, had 35 days to raise $3.5 million for the initial payment which ended with the company taking in ~$7 million. Ness was a banker... If this was a deal he put together, I don’t understand why he wouldn’t have easily been able to call on his network to pull a $3.5 million deal together... Do you have insight on that aspect of the deal negotiations? As a long term shareholder, do you know why NP was unanimously approved to replace Ness in September? Was Ness incapable and/or uninterested in seeing this acquisition through? Or, is it possible that NP had greater involvement with the acquisition than some people want to give him credit?
a CEO doesn’t get removed from his position after an acquisition like PRO140!!! The bottom line... IMO Ness wasn’t as involved with making the deal happen and wasn’t able to show the board an ability to fund the deal either. My belief is NP brought the deal to the table and was instrumental in obtaining the financing... that’s why Ness was unanimously removed from his role. Afterwards Ness and his bruised ego decides to bring lawsuits against NP... coincidence?
So, there was NO science guy!
I don’t think any individual can take total credit for any one aspect of a decision in a publicly traded company... I also won’t question that Mr. Ness had involvement with the acquisition of PRO140 and you are correct that Mr. Ness name and signature are on the contract in July 2012. It’s been reported after the deal was signed, NP, then managing director of business development at CytoDyn, had 35 days to raise $3.5 million for the initial payment which ended with the company taking in ~$7 million. Ness was a banker... If this was a deal he put together, I don’t understand why he wouldn’t have easily been able to call on his network to pull a $3.5 million deal together... Do you have insight on that aspect of the deal negotiations? As a long term shareholder, do you know why NP was unanimously approved to replace Ness in September? Was Ness incapable and/or uninterested in seeing this acquisition through? Or, is it possible that NP had greater involvement with the acquisition than some people want to give him credit?
a CEO doesn’t get removed from his position after an acquisition like PRO140!!! The bottom line... IMO Ness wasn’t as involved with making the deal happen and wasn’t able to show the board an ability to fund the deal either. My belief is NP brought the deal to the table and was instrumental in obtaining the financing... that’s why Ness was unanimously removed from his role. Afterwards Ness and his bruised ego decides to bring lawsuits against NP... coincidence?
So, there was NO science guy!
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