InvestorsHub Logo
icon url

Bored Lawyer

12/18/19 1:11 PM

#50983 RE: buckysherm #50981

Bucky, it's because CYDY did not get $87.5M in milestone payments. They signed a contract giving them the right to those payments, at future dates, if certain terms are met.

What we know so far ... $.5M wired today. $.5M on BLA submission. "Few more million" on approval. Other payments due when sales milestones are hit (these are NP's words from the newest proactive video).

Once the Amended 8K is out, we can all read the contract and see all the details.

In the meantime, this deal did not solve CYDY's immediate cash crunch, which is why the MC did not increase substantially.

Hope this helps. GLTU