Replies to post #204855 on Cytodyn Inc (CYDY)

[The Dark KnaDDir]

Welch was the hail mary play. The pledged their IP to him as collateral. They have nothing to offer any new potential lenders. They are deep in debt, with a $10M monthly burn rate, and I assume missed the Samsung $13.5M arrears due on February 14, so they have no manufacturer. The final details of the bankruptcy filing are probably being worked on now.