Replies to post #162921 on Cytodyn Inc (CYDY)

[justdafactss]

How exactly would a guy like Dr Randy/Richard Nicolas find out about a Cytodyn private placement?

What Is a Private Placement?
A private placement is a sale of stock shares or bonds to pre-selected investors and institutions rather than on the open market. It is an alternative to an initial public offering (IPO) for a company seeking to raise capital for expansion.

Instead of a prospectus, private placements are sold using a private placement memorandum (PPM) and cannot be broadly marketed to the general public.

It specifies that only accredited investors may participate. These may include individuals or entities such as venture capital firms that qualify under the SEC’s terms.
https://www.investopedia.com/terms/p/privateplacement.asp

SELLING STOCKHOLDERS

The table below sets forth information concerning the resale of our shares by the selling stockholders. The selling stockholders acquired our securities in private placement transactions.
https://www.sec.gov/Archives/edgar/data/1175680/000119312519234045/d731238ds3.htm