CytoDyn Inc (OTCMKTS:CYDY) Stock Slips To A New Low: Should You Panic?
Late-stage biotechnology firm, CytoDyn Inc (OTCMKTS:CYDY) on August 3, 2021, announced that director nominations done by an activist group led by Bruce Patterson and Paul Rosenbaum were invalid. The Group attempted on nominating five director candidates for taking over control of the firm’s six-member Board of Directors. CytoDyn’s bylaws have a standard “advance notice bylaw” for protecting shareholders, requiring disclosures through shareholder nomination as well as nominees for providing all…