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HyGro

02/21/22 12:34 AM

#204141 RE: I_luv_cydy #204135

Guess understanding the company's financials would be helpful. The October timeframe was the question of the 200 million new shares being authorized. Without the authorization the company had no chance of raising the necessary money to survive. If someone looked at the 10Q dated 1/10/22 showed $8 mil in cash, $100 mil in debt (mostly past due). The company tried to sell $53 mil in shares through Paulson, who were only able to sell $11.3 mil. The company burns about $10 mil a month not counting legal expenses. So the basic sources and uses of cash show the company will run out of cash about March. As the company can't do a secondary offering, much of the stock can't be turned into cash, Paulson got burned selling CYDY stock and vulture fund won't buy another note until the current ones are paid off. It's not guessing, it is simple math using the company's SEC filings.