The author is certainly entitled to their opinion,
Post# of 154138
(Total Views: 417)
Posted On: 06/12/2023 11:59:42 AM
The author is certainly entitled to their opinion, but it doesn't even make sense in some areas.
For one, an arbitrator cannot decide that arbitration is not the correct forum for this dispute as the author surmises. Once the sides contractually agree to decide something in a manner that is legal, then that is how it will be decided.
Also, there are 2 major reasons why people/companies choose binding arbitration over court cases:
1. Every attorney knows you can NEVER trust what a jury is going to decide ahead of time.
2. Court cases cost exponentially more money than arbitration, are slower than arbitration much of the time, and let's be realistic - CYDY doesn't have millions of dollars to pour into a court case. Arbitration makes complete sense here and is most often the method of choice in such cases.
Also, while Cyrus may have said back in September 2022 how he planned to have CYDY move forward with NASH and oncology, that doesn't say WHEN he planned to move forward. As stated above, we ALL know CYDY's financial situation at the moment, and while it is great to have plans, one cannot implement them without the holds lifted and money to implement them. Hey...I plan to buy the New York Yankees, I just don't have the money yet.
I predicted the holds would be lifted by April 2023 and we've blown past that with no end in sight. The holds could be lifted at 2pm today, we just don't know. Cyrus being out of commission is not holding back CYDY because no intelligent board would have only one person who was the lynchpin to a company's future like that. It just would be horrible business. Cyrus is, hopefully, another meaningful piece to the answer, but not the answer in and of himself.
For one, an arbitrator cannot decide that arbitration is not the correct forum for this dispute as the author surmises. Once the sides contractually agree to decide something in a manner that is legal, then that is how it will be decided.
Also, there are 2 major reasons why people/companies choose binding arbitration over court cases:
1. Every attorney knows you can NEVER trust what a jury is going to decide ahead of time.
2. Court cases cost exponentially more money than arbitration, are slower than arbitration much of the time, and let's be realistic - CYDY doesn't have millions of dollars to pour into a court case. Arbitration makes complete sense here and is most often the method of choice in such cases.
Also, while Cyrus may have said back in September 2022 how he planned to have CYDY move forward with NASH and oncology, that doesn't say WHEN he planned to move forward. As stated above, we ALL know CYDY's financial situation at the moment, and while it is great to have plans, one cannot implement them without the holds lifted and money to implement them. Hey...I plan to buy the New York Yankees, I just don't have the money yet.
I predicted the holds would be lifted by April 2023 and we've blown past that with no end in sight. The holds could be lifted at 2pm today, we just don't know. Cyrus being out of commission is not holding back CYDY because no intelligent board would have only one person who was the lynchpin to a company's future like that. It just would be horrible business. Cyrus is, hopefully, another meaningful piece to the answer, but not the answer in and of himself.
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