But Todd said: "I remain on the board and intend to stay on the board.
"We've got to make sure this club gets through these difficulties. That's been my drive, making sure we find a way of getting funding in," he told BBC Sport.
Plymouth face the threat of being wound up next year, if they fail to pay £760,000 in unpaid tax to HM Revenue & Customs.
Source: BBC Sport
Source: BBC Sport