Replies to post #230428 on Cytodyn Inc (CYDY)

[Since 2012]

You are right about that, I think they know when this stock gets on up their a little, some of us are going to the bank, nice call on that hold being lifted

[justdafactss]

Then lets harp on this 2/22/2024 filing--- As of November 30, 2023, we had approximately 398.1 million unreserved authorized shares of common stock available for issuance. Our ability to continue to fund our operations depends on our ability to raise capital. The funding necessary for our operations may not be available on acceptable terms, or at all. If we deplete our cash reserves, we may be forced to file for bankruptcy protection, discontinue operations, or liquidate our assets.
https://www.sec.gov/Archives/edgar/data/1175680/000155837024001547/cydy-20240130x424b3.htm

Prime EXAMPLE---

Polished.com Suspends Operations and Announces Intention to File for Chapter 7 Bankruptcy Protection

Polished.com Inc. (the “Company” or “Polished”) (NYSE American: POL) has suspended its operations. These steps followed a comprehensive review by the Company’s Board of Directors of available strategic alternatives, and upon consultation with the members of the Company’s management, with the assistance of the Company's legal and financial advisors. The Company anticipates filing a case under the provisions of Chapter 7 of the Bankruptcy Code as soon as practicable.

As recently disclosed, following the Notice of Acceleration from its lenders earlier this month, the Company was working to reach a resolution with its lenders and exploring multiple paths to obtain additional financing to sustain operations. Despite working aggressively to raise capital and improve its liquidity position, the Company was unable to obtain additional financing.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240229885336/en/

[fung_derf]

I noticed everyone just ignored this from my post the other day. Current resistance at .248. This isn't the first time this stock has been pumped, then dumped.
You have any profits to take?? The stock needs to finish the week above resistance.

fung_derf

Member Level
Re: Monroe1 post# 230276

Thursday, February 29, 2024 11:41:50 AM

Post#
230278
of 230434
LOL....I love it when I catch you in lies. Show me a post where I even used the word "protocol".

I never claimed to know anything about the science, other than this company seems to be failing in it.
I still don't see this stock ever generating revenues, and who do you think was selling bigger blocks today?
Current resistance is at .246. Let me know when it breaks through that.
Before you get cocky, this isn't the first time this stock has shown small spikes before falling back again.