Replies to post #188650 on Cytodyn Inc (CYDY)

[ClosetInvestor]

“The DOJ and SEC don't tell companies or individuals that they are under investigation. The verbiage you included clearly states,
Quote:

The subpoenas seek testimony and/or records concerning...”

You left the title that section out:

“Securities and Exchange Commission and Department of Justice Investigations.”

Page 125

https://www.cytodyn.com/investors/sec-filings/all-sec-filings/content/0001558370-21-009730/0001558370-21-009730.pdf

[HyGro]

From the Cytodyn filed 10K annual report filed 9/30/21, page 125:

"Securities and Exchange Commission and Department of Justice Investigations

The Company has received subpoenas from the United States Securities and Exchange Commission requesting documents and information concerning, among other matters, leronlimab, the Company’s public statements regarding the use of leronlimab as a potential treatment for COVID-19 and related communications with the FDA, investors, and others, and trading in the securities of CytoDyn. The SEC has informed the Company that this inquiry should not be construed as an indication that any violations of law have occurred or that the SEC has any negative opinion of any person, entity or securities trading activity.

In addition, the Company and certain of its executives have received subpoenas in connection with an investigation being conducted by the United States Department of Justice. The subpoenas seek testimony and/or records concerning, among other matters, leronlimab, the Company’s public statements regarding the use of leronlimab as a potential treatment for COVID-19 and related communications with the FDA, investors, and others, and trading in the securities of CytoDyn.

The Company is cooperating fully with these non-public, fact-finding investigations, and as of the date of this filing, the Company is unable to predict the ultimate outcome and cannot reasonably estimate the potential possible loss or range of loss, if any."


No conjecture just facts.