Cytodyn Inc (CYDY)

[Grip it and Sip It]

Basically, yes! Welch and others still selling shares every day to recoup their money! Welch has a lien on the IP and gets shares to make himself whole. Once he can’t recoup and cure the debt, he’ll take possession of the water pill!

Now you have Poophassen and another vendor suing Cytodyn for payment! There’s no money which means Chapter 11 protection the only way out.

I sense you don’t really understand how this works: the company has effectively been bankrupt for a year! No trials, no submissions, no R&D and selling shares at $.10 to accredited investors. Does that sound positive to you?