Cytodyn Inc (CYDY)

[HyGro]

Company couldn't put up the surety bond cash. Welch was a former board member and quit 10/20. He sold most of his stock. He knows the company very well.

But Cytodyn gave him a deal he couldn't refuse. For just using his credit rating to get a cheap surety bond, he's going to make millions in just a few months -- 15,000,000 warrants he can convert immediately. Sweet deal for Welch and it makes the surety bond possible for Cytodyn -- the didn't have the cash to put up the surety bond themselves.