Replies to post #203466 on Cytodyn Inc (CYDY)

[bluefish1]

Thanks for the update. Unfortunately, I think CYDY and Amarex may be engaged in a high stakes game of "chicken" for lack of a better term. What's at stake, exactly? I really believe Amarex engaged in fraud, either committed by individuals without management knowing, or collectively as in the company itself. The "we didn't get paid" is a distraction technique to get people to look away from the real situation.

I also think CYDY is purposely delaying all steps until the last minute to try and get Amarex to buckle. Has it worked yet? Doesn't look like it. Is this advisable? Probably not.

Wish the two sides would gut it up and just move on with the audit, etc. I don't think this situation will end up in Amarex's favor, at all.

Just my opinion.

[that_little_voice]

Not necessarily as this money went to Amarex, not CYDY.

Also, curious that they had to secure to get it.

Another IL company? Arm of Fife?

[justdafactss]

LOL, sorry, no Argonaut Insurance Company, an Illinois corporation listed in Illinois---


https://apps.ilsos.gov/corporatellc/CorporateLlcController

[HyGro]

Putting up the surety bond does not avoid Bankruptcy. The company still owes ~$100 mil and this surety bond cash ties up cash required to pay Samsung ($35 mil), ongoing operating expenses (like payroll and legal expenses). Going Chapter 11 allows them to delay the Samsung issues, but still leaves them very tight on cash. Fife has a claim to all non IP assets like CASH and stock until he's covered.

[3X Charm]

If true. The first accurate account of anything CTDY.