Cytodyn Inc (CYDY)

[Grip it and Sip It]

How are we still in business when we were supposed to be bankrupt in October.

Are you seriously asking this question? If so, WOW!!!

Let me explain: The shareholders, see: Naderette's, voted to allow Nader an additional 200 million shares which he promised would not be used for bonuses or employee payments. Since then, the following happened:

1) The SEC has not authorized those shares to be sold on the open market
2) Because of bullet point 1, the only people that can/will buy them are brokers for accredited investors. However, the shares are sold at a deep discount with FREE warrants attached along with millions in broker fees, which require more shares to be sold to pay for that.
3) The cash that Cytodyn receives goes to payroll because they have employees and BY LAW have to pay them. If they're foregoing salary, that would be in a filing. I haven't seen one so don't ask me to prove a negative. Basically, they're getting paid
4) They gave Nader 1M+ shares as part of a severance EVEN THOUGH THEY FIRED HIM!!
5) Back to point 2: the accredited investors are dumping those shares into the market to recoup their investment. That's how the game is played. Buy at $.20 with a free warrant and sell for $.35!! It's a great deal, isn't it....except for retail
6) The FDA has halted the trials for Covid and HIV!!
7) There is no CEO and nothing to indicate that trials are being paid for
8) The bond required to see the Amarex data was put up by an investor, with a substantial fee added on AND the molecule as collateral. Can you point me to the PR or SEC filing that says that debt has been paid???
9) Samsung is owed $30M+ in past due bills....again, listed in SEC filings. Can you show me where it says the debt was cured???
10) NASH 700m promised six months ago! Where is it?
11) What is status of Brazil 4-dose trial that is 8 months old? Point me to the PR of the results!
12) The 10q lists inventory is expiring so the 'asset' on the balance sheet will become a liability as they still owe for it...and if they need more (they won't) they would have to again pay for it.

The stock is at $.33 after a whopping rise to near $.50 a few weeks ago...it was dumped as expected and hasn't recovered. How much more do longs need to see where this is headed! The remaining 100M shares are worth no more than $15M in cash after the discount and fees! What in the hell is this company going to do with $15M! Then that's it....bank account is dry. No more shares to sell and THAT'S when the vultures in the boardroom collect their last paycheck and turn the lights out.

You're welcome for the free lesson in the inner workings of Corporate America and greedy penny stock companies.

Grip