Cytodyn Inc (CYDY)

[I_luv_cydy]

“Would it be legal for him to pump this when he is listed on the S-3 as having intent to sell shares to the public?”

I want to clarify something regarding the recent S-3 registration that may be misleading. Simply put — the people listed on the S-3 (myself included) are those that have participated in purchasing CYDY shares through various offerings in 2021 and 2022. These shares have not been registered until the SEC approves the S-3 registration which was just submitted. The people on this list do not necessarily have ‘an intent to sell’ their shares but rather this is a requirement of all shareholders to sign the form so that these shares get registered and then transferred to a broker that would accept these shares since they are considered ‘restricted’ and can’t easily / quickly be dumped right away into the market.
Can these shareholders sell their shares once this registration is approved ? Yes of course. But it does not mean everyone on the list is ‘intending to sell’.