CytoDyn Inc.
Climate Impact & Sustainability Data (2011-02-28, August 31, 2011, May 31, 2011)
Reporting Period: 2011-02-28
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Violation of certain state and possibly federal securities laws in connection with the Company’s prior offerings of securities from April 15, 2008 to February 18, 2011, resulting in potential rescission claims against the Company.
Mitigation Strategies
- Focusing efforts on amendments to annual and quarterly reports (Form 10-K and Form 10-Q) to restate financial statements for periods ending May 31, 2010, August 31, 2010, and November 30, 2010.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: August 31, 2011
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Violation of state and possibly federal securities laws due to compensation paid to unlicensed broker-dealers soliciting investors. This resulted in potential rescission or monetary claims against the company.
Mitigation Strategies
- Focusing efforts on filing amendments to annual and quarterly reports (Forms 10-K and 10-Q) to properly reflect the liability for potential claims in the financial statements.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: May 31, 2011
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Violation of state and possibly federal securities laws due to compensation paid to unlicensed broker-dealers soliciting investors.
- Potential rescission or monetary claims from investors.
- Need to restate financial statements for periods ending May 31, 2010, August 31, 2010, and November 30, 2010.
Mitigation Strategies
- Focusing efforts on amendments to annual and quarterly reports.
- Filing amended Form 10-K for the period ending May 31, 2010 and amended Form 10-Q for the period ending August 31, 2010.
- Intending to increase current liabilities and stockholders' deficit to reflect potential rescission liability and adjust for improperly expensed compensation.