Well if you ask me it is going VERY WELL for shorts . And it’s a blood bath for longs. See attached picture below.
So yes, the bankruptcy prediction was correct as evidenced by both the financial statement worsening every quarter and the stock price racing down toward its target value - zero.
This is sad for long investors. Not quite sure they are really laughing.
It's not an issue of IF bankruptcy, it is just when. Chuckle all you want, they can't even make the payroll now. One of the first signs of running out of cash.
Prior to CytoDyn Mr. Migliarese was the Controller for Domaine Serene Winery and Vineyards, Inc. from 2018 to 2020, Corporate Controller for Lightspeed Technologies Inc. from 2015 to 2018, and CFO of Hollister & Blacksmith, Inc. from 2014 to 2016.