Zagnut's Quote: He was referring to the fact that
Post# of 148183
He was referring to the fact that it would not boost the share price much as there are so many shares out there now as compared to when he first took the reigns. His said he asked the attorneys if it was worth buying shares in the open market in reference to that which is different than just buying shares in the prescribed time period to show he has skin in the game. We already know he has skin in the game by his mortgaging everything he and his wife had to buy the molecule. What else do you want? Most CEO's are hired, he bet everything on this to work and didn't take a salary for a few years. That takes guts and perseverance....and faith in what he thought could happen. Cut the crap
My reply:
I am not posting here for the time being or anywhere else for that matter because of all the slap hap and disparaging remarks from those that I had always thought they were better than that but I had to chime in on your post zagnut.
Nobody remembers from years ago where Dr. P. told shareholders that he put his own money and money from a 2nd mortgage, credit cards and the help of others to buy Pro-140 from Progenics and in that very first year he didn't take a dime of salary.
So, you are absolutely correct in what he did to put his skin in the game when it counted the most otherwise, I wouldn't be replying to your post as Cytodyn would not be in existence if Dr. P. hadn't the courage and fortitude to do what he did back then.
Good for you to post that as many don't remember this or simply forgot about what he did to get Pro-140 so it really doesn't matter to me if he doesn't buy on the open market more shares - GLTU
HCIT