First, the arbitration. One would think that anyone with common sense would say “Amarex got paid tens of millions to do work at a professional level, but they didn’t do it, and instead their CEO did insider trading. So we’ll give CYDY their money back and maybe some damages for years of lost revenues because Amarex screwed up their clinical trials.” Let’s say the arbitrator agrees and says “Amarex, pay CYDY a billion dollars.” Then Amarex says “We don’t have that kind of money, we’re just going to go into bankruptcy, screw you.”
That would be a good time for CYDY then to try to get NSF to pay up, because they were controlling Amarex. They would have to go to court to prove that NSF had liability because of the infamous piercing of the corporate veil.