Cytodyn Inc (CYDY)

[justdafactss]

Is Cytodyn INSOLVENT or not?

Since our inception, we have been insolvent and have required debt and equity financing to maintain operations.

Since our inception, we have not achieved cashflows from revenues sufficient to cover basic costs. As a result, we have relied heavily on debt and equity financing. Equity financing, in particular, has created a dilutive effect on our common stock, which has hampered our ability to attract reasonable financing terms. For the foreseeable future, we will continue to rely upon debt and equity financing to maintain our operations and those of our subsidiaries
https://www.sec.gov/Archives/edgar/data/1175680/000119312519221300/d40614d10k.htm