This is the same thing that happened to AVXL and many other biotechs that are on the cusp of something big. They file frivolous law suits and then the short attacks increase as they try to scare everyone into selling. I suspect they're trying to get the price down while they continue to accumulate. Yawn...
I think this "legal action" is an example of throwing something against the wall and seeing if it sticks.IMO CYDY management has been candid and relatively transparent. I am a long time shareholder in CYDY and believe my investment will be well rewarded, hopefully soon, we shall see.