Replies to post #193540 on Cytodyn Inc (CYDY)

[Scooter McCabe]

They are being investigated. Charges come after the investigation, just like the financial damages.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1175680/000155837021013132/cydy-20210831x10q.htm

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 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 security.

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.

[3X Charm]

The Cydy website has access to last two CYDY SEC filings which clearly state that Cydy executives are under investigation By SEC and DOJ for statements made about LL and its effectiveness and safety. It is in black and white in the company’s own documents.