Cytodyn Inc (CYDY)

[HyGro]

Legal limbo is the norm. When you are a biotech and you have a vendor holding most/all of your clinical data hostage because you are $12 million dollars behind in your payments!! Yeah that's legal limbo and also clinical limbo.

As the company says, the lack of access to their data is delaying and jeopardizing their regulatory filings. That would be mTNBC BTD, HIV combo BLA, etc. That's a serious issue. We'll see how long it takes the company to payoff the debt that Amarex is claiming they are owed.

This legal limbo also highlights their financial limbo as they have $65 million in payables and only $8 million is cash as of the end of last quarter. That doesn't include the ~$55 million in vulture fund debt that is due in the forseeable future. Bad finances bring legal actions.