Replies to post #198008 on Cytodyn Inc (CYDY)

[The Dark KnaDDir]

Easy. No revenues coming in (Philippines $41K in accounts receivable is nothing). The 200M newly authorized shares have to be sold to accredited investors. That is going to be a tall task, but assuming that can be done, over $120M will be used to pay back existing debts. Monthly burn rate is $10M a month so the left over cash will only cover a few months. I doubt CYDY can convince shareholders to authorize another 200M more shares and then sell them to private investors again. Of course, when SEC and DOJ announce results share price will tank.

Remember, Cytodyn's own auditor gave it a going concern warning.