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  4. CytoDyn Inc (CYDY) Message Board

The rational explanation is probably cash. The com

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Post# of 154539
(Total Views: 656)
Posted On: 03/09/2022 6:15:50 PM
Posted By: generactor
Re: Plotinus #119796
The rational explanation is probably cash. The company has been in a difficult position money-wise as evidenced by the Samsung payment being past due and the incentives needed for Welch to back the bond. And I'm pretty sure they have raised less than $10M so far this year, which is not much for a company burning around that much per month historically. Plus they are going to have to come up with a package to entice a new CEO.

I'm not criticizing current management about this, just saying that they have been put in a tough position being tasked to pay for ongoing trials, overdue bills and to just meet payroll with the cash situation being so depleted. So I think we need to be understanding in that these things have to be taken step by step, Rome wasn't built in a day and all that.

Hopefully we'll hear great news soon on the financial front and I have no doubt that brass is working as hard as they can on it but Nader, for all of his passion, greatly overextended us and put us in a financial hole.

I also have no doubt that Recknor is itching to get the longhaulers trial started whenever possible.

Edit: And I think that's likely why Migliarese was put in charge. Getting the financial house in order is the huge priority.


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