Cytodyn Inc (CYDY): Yes...the cash bond has been posted but...

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Re: HyGro post# 203617

Tuesday, 02/15/2022 1:34:40 PM

Tuesday, February 15, 2022 1:34:40 PM

Yes...the cash bond has been posted but bonding companies don't make you put up the full amount yourself. That's literally what they're there for. A bail bond company puts up the full amount of the cash bond for you to be release from jail and you pay a percentage of that amount that they keep as a fee once you show up to court and the bond is returned.

Argonaut (who allegedly does not exist) put up the $6.5M minus the 1-2% that CYDY had to put up. If the full amount is awarded to Amarex then CYDY will have to pay the full $6.5M plus the fee to the bonding company. If it is found that CYDY doesn't owe that money then the cash will go back to the bonding company and they will keep the 1-2% fee.

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Recent CYDY News

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