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Posted On: 05/17/2022 7:59:59 AM
Post# of 155816
This bears repeating. Aaron on YMB, (who I esteem highly), posts:
Quote:
SMH, at Cyto who tries to scare us with what is essentially good news.
Case in point, he is correct that the backstop agreement for the surety bond does have to be replaced by funds from Cytodyn within 180 days and yes, the amount raised is just what they need for that. As he says, what a coincidence.
Okay so basically, Cytodyn has effectively met the criteria of the backstop agreement. So that's a negative? I'm, no!
Most importantly, when Cytodyn replaces the surety bond, can you guess what that means? Come on, guys. It means, Welch isn't on the hook for the money, the surety has been replaced by Cytodyn funds, Welch got some good shares and warrants for his six months of guarantee HOWEVER, since Welch is now replaced as surety the patents are now SAFE!!!
Get it? Why would Welch be entitled to patents if he is no longer on the hook for any cash.
Duh!
And Cyto thinks this is a bad thing. You guys feel that way too?
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