Cytodyn Inc (CYDY)

[Drugdoctor]

OMG - 260 million dollars in LOSSES- Say it ain't so... but it is...

Going Concern

The consolidated accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying consolidated financial statements, the Company had losses for all periods presented. The Company incurred a net loss of $31,024,467 for the six months ended November 30, 2019 and has an accumulated deficit of $260,648,884 as of November 30, 2019. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

BANKRUPTCY COMING!!!!

Here's the whole sad story... page 10>>>

https://www.sec.gov/Archives/edgar/data/1175680/000119312520004683/d855842d10q.htm