CytoDyn Inc (OTCMKTS: CYDY) Stockholders Address a Misleading Company Press Release

Botswana Prison gifts Kgotla Shelter to McCarthy Rust

Botswana: The Kgotla system is a platform for regular discussions, consultations and exchange of ideas on major community or national issues among citizens. Traditionally, it is charged with the responsibility of building the nation and social cohesion, with the wider purpose of promoting harmony among the communities. 

Kenya Green Zones Project to accelerate seedlings production

Kenya: The Green Zones Development Support Project Phase II (GZDSP II) Manager, Jerome Mwanzia has said that the project will build an additional four model tree nurseries with an annual production capacity of 1.5 million seedlings each.

Zambia Air Force commander aims for safer Zambian skies

Zambia: The Zambia Air Force (ZAF) Commander, Lt Gen Colin Barry, Wednesday morning took time to visit the Flying Training School (FTS) in Livingstone and took part in a flight safety training exercise involving the SF260 TW pilot trainer aircraft.

St Kitts and Nevis: PM Terrance Drew delivers address at COP28 health opening

St Kitts: The Prime Minister of St Kitts and Nevis, Dr Terrance Drew is currently attending the Conference of Parties 28 in Dubai, UAE....

Long-time CytoDyn Inc (OTCMKTS: CYDY) stockholders that have been involved in nominating around 5 vastly experienced director candidates to be placed on the Board of Directors of the company recently addressed the press release issued by CytoDyn that misrepresented a voluntary stipulation the company had filed in the legal proceedings initiated by the company’s Nominating Stakeholders in the US District Court. This misleading news is an attempt to quash the ability the stockholders have to vote for alternate sets of directors.

The Nominating Stockholders approached the SEC and filed a pair of public communication as an attempt to correct an unintentional oversight voluntary.

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CytoDyn highlights court order that forces Rosenbaum/Patterson to comply with Federal Securities Law
CytoDyn’s Board of Directors recently talked to its shareholders about a court order that a US District Court awarded regarding the lawsuit the company brought against Bruce Patterson and Paul Rosenbaum of the activist Group, the Rosenbaum/Patterson Group.

In the court order that was addressing the email solicitations that the Group hadn’t filed with the SEC, the US District Court ordered that; the email solicitations made by the Group can be deemed solicitations under the SEC Act of 1934 and that defendants should comply with SEC rules and federal securities laws.
The transgression follows the Group’s continued proxies’ solicitation while not disclosing in prominent and clear language in the materials it shares.

Stockholders warn of the BoD’s continued failures and value destruction
The company’s long-time stockholders also released a letter to other shareholders detailing the ill-advised announcements and actions made by CytoDyn’s current leadership. The letter claimed that these actions and announcements were damaging the company’s credibility and destroying its value. The letter talks about the leadership’s unwillingness to work constructively and collaboratively with experts to get Leronilamb FDA approval.

Instead, it detailed how the leadership is more concerned with holding on to their bloated compensation packages and positions at the expense of the company’s stockholders. It also looks at how the recent public relations campaigns have contributed to destroying its overall value.

Botswana Prison gifts Kgotla Shelter to McCarthy Rust

Botswana: The Kgotla system is a platform for regular discussions, consultations and exchange of ideas on major community or national issues among citizens. Traditionally, it is charged with the responsibility of building the nation and social cohesion, with the wider purpose of promoting harmony among the communities. 

Kenya Green Zones Project to accelerate seedlings production

Kenya: The Green Zones Development Support Project Phase II (GZDSP II) Manager, Jerome Mwanzia has said that the project will build an additional four model tree nurseries with an annual production capacity of 1.5 million seedlings each.

Zambia Air Force commander aims for safer Zambian skies

Zambia: The Zambia Air Force (ZAF) Commander, Lt Gen Colin Barry, Wednesday morning took time to visit the Flying Training School (FTS) in Livingstone and took part in a flight safety training exercise involving the SF260 TW pilot trainer aircraft.

St Kitts and Nevis: PM Terrance Drew delivers address at COP28 health opening

St Kitts: The Prime Minister of St Kitts and Nevis, Dr Terrance Drew is currently attending the Conference of Parties 28 in Dubai, UAE....

Africa University introduces New Vice Chancellor: Nelson Makanda

The Africa International University (AIU) is proud to announce the new appointment of Dr Nelson Makanda as the new Vice Chancellor. The University recognised...

KZN Premier Dube Ncube condemns murder of Da Cllr Nhalayenza

KwaZulu Natal: The Premier of KwaZulu-Natal, Nomusa Dube-Ncube, has strongly condemned the killing of the DA Councillor for uMngeni Municipality Nhlalayenza Ndlovu and implored the police to act swiftly to arrest the criminals behind this gruesome act. Police reported that Councillor Ndlovu was gunned down in front of his children at his home in Mphophomeni township on Tuesday evening.