Cytodyn Inc (CYDY): CYDY Bankruptcy Is Actually Here. Fro...

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Sunday, 10/17/2021 5:11:02 PM

Sunday, October 17, 2021 5:11:02 PM

CYDY Bankruptcy Is Actually Here.

From the last filing they have just around 6.5 million cash on hand. 6.5 million isn't enough to get CYDY through the next quarter.

Looking at the balance sheet between expenses accrued and accounts payable coming due, CYDY is probably bankrupt if the 200 million share authorization doesn't go through.

https://www.investing.com/equities/cytodyn-inc-balance-sheet

Even if shareholders vote for the share increase, the SEC still has to approve it for public sale....

Which probably won't happen while CYDY remains under investigation from the DOJ and SEC.

So at most a quarter left unless something changes with the the lack of funds.

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Recent CYDY News

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