Cytodyn Inc (CYDY)

[ClosetInvestor]

According to the court document, CYDY was required to post a bond of $6.5 million in order to get the data from Amarex as part of the injunction ruling. Here’s the exact wording:

Plaintiff Cytodyn’s motion for preliminary injunction, ECF No. 6, is granted. The court is satisfied the Plaintiff’s has established it is entitled to the issuance of a preliminary injunction, subject to the posting of a $6,500,000 bond.”

This is starkly different than the “huge” victory the paid pumpers are pushing. If Amarex is such a fraud and the evidence against them is so clear, then why post a $6.5 million bond? Answer: Amarex isn’t the problem and CYDY is $15 million in debt to Amarex. More than half of the $11 million Paulson raided went towards this bond. Ouch.