Cytodyn Inc (CYDY)

[ClosetInvestor]

From Amarex’s legal document demanding payment:

“Under the terms of the Master Services Agreement between CytoDyn and Amarex (the “MSA”) and the individual project agreements entered into between CytoDyn and Amarex in connection with such MSA, CytoDyn is required to pay all invoices within 30 days of receipt.1 Despite numerous requests for payment made by Amarex, the Invoices remain unpaid and overdue. CytoDyn’s failure to pay the Invoices is an ongoing material breach of the MSA and the individual project agreements.”