Cytodyn Inc (CYDY)

[justdafactss]

Yep, a VERY dumb move in April 2019 to commit to a purchase order for $33 million especially when CYDY has NO REVENUES whatsoever.

Now they're in a classic catch 22, the purchase order is binding and the Company is obligated to pay the full amount of the purchase order, still with no revenues and nobody to sell leronlimab to.

Maybe like most penny stock CEO's they will yodel a big name like Samsung to boost share price and sell stock into the market.

Any chance a default on the BINDING Samsung contract it could bankrupt Cytodyn?

Looks like it possibly could.