Cytodyn Inc (CYDY)

[The Lawman]

The Mystery of Pourhassan's Non-Purchase of CYDY Stock Has Finally Been Answered.

I have been invested in CYDY for seven years. During that time, I have often asked why Pourhassan would tout the stock as being worth triple figures, sell about $15 million in stock awarded to him in the mid-3's, and never purchase a single share on the open market.

In yesterday's conference call, Pourhassan finally answered this question:

Pourhassan says he wants to purchase stock, and has tried to do so many times, but each time he asks, the company attorneys tell him he cannot do so.

However, Scott Kelly managed to purchase stock, many times, he says.

And in a great many of the companies I have invested in, the CEO's have purchased large quantities of their own stock.

So, it seems, the rule prohibiting insiders from purchasing stock applies only to Pourhassan, and to none of the other thousands of insiders who have purchased stock in their companies for as long as I have been investing in the stock market, which is a very long time.

I wonder if the SEC and DOJ were monitoring yesterday's call.