After the bell last night a Form 4 filing (see last week’s infamous Form 144 filing here) was released concerning everybody’s favorite pink sheet bioturd, the Creme de la Creme of Coronacrappers, Cytodyn (CYDY).
First the CEO Nader “The Nadir” Pourhassan dumped a bunch of stock starting on the 30th of April, with an absolutely insane explanation (more on that soon, but start here), then the CMO, Scott Kelly let loose 1.2mm shares on the 1st of May. Taking advantage of severe cases of Coronamania among stuck at home retail investors both in the USA and Germany seems to be the new normal among bioturds and their execs.
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