Cytodyn Inc (CYDY)

[BlueHorseshoe13]

Actually that statement is completely incorrect. To be clear, at no point was the company in a position where operations were in jeopardy due to the inability to raise capital. In fact, it is quite the opposite. The series they just closed would have given them the ability to raise an additional $9mm at current prices and they chose not to. Obviously they believe they will be able to raise at much better terms in the very near future. What Tony did was a vote of confidence, and you can be sure it was not a desperation $1mm write off. He has been at the highest levels of this industry for 38 years, he knows the value of what they have and invested accordingly.