Not a whole lot new in the 10Q except we are even
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Posted On: 10/08/2019 9:50:29 PM
Not a whole lot new in the 10Q except we are even shorter on cash. Looks like they negotiated some of the short term convertibles due in November to take more stock or extend and one extended to April 2020. (If I read that correctly)
Other than that a little bit of update on the RP litigation. Here is a direct excerpt from the end. Curious as to what the amendment was, if something was retracted or if the fact that CYDY is going after the 8 million means its getting more messy.
Oh well, I hope some sort of financing comes soon.
Other than that a little bit of update on the RP litigation. Here is a direct excerpt from the end. Curious as to what the amendment was, if something was retracted or if the fact that CYDY is going after the 8 million means its getting more messy.
Quote:
On September 17, 2019,
CytoDyn and the other defendants moved to dismiss the complaint. On September 27, 2019, Dr. Pestell amended his complaint. We intend to move to
dismiss the amended complaint and otherwise vigorously to defend this action.
From time to time, we are involved in claims and suits that arise in the ordinary course of our business. Management currently believes that the
resolution of any such claims against us, if any, will not have a material adverse effect on our business, financial condition or results of operations.
Oh well, I hope some sort of financing comes soon.
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