Makes good sense and shows sophistication of CYDY by putting it in place. Welch has first dibs on LL should CYDY not pay him back for the bond. If a hostile takeover attempt is accomplished, the perpetrator of the hostile attempt wouldn't get the rights to LL because Welch would own the first rights to LL, so it would not be worthwhile to start the takeover attempt in the first place.
The fact that Welch is participating in this speaks volumes about what he thinks the future will hold for CYDY. He'll make a whole lot more money, since he holds a ton of shares, with CYDY being successful with a FDA approved drug rather than having rights to an unapproved drug that can't be sold retail.
Welch may know a whole lot more of the lay of the land regarding CYDY and LL than we do because he was on the board for a while and is still participating.
I don't like this information blackout anymore than you do but we have clues as to where this is all heading. Welch is one of those clues.