[Catch up on Cytodyn’s seemingly doomed quest for a NASDAQ listing here, and click here to learn more about who is participating in the much hyped CD12 trial of loserlimab.]
Back in late April, we looked at two rather interesting lawsuits filed against everyone’s favorite reverse-merger pink sheet Coronacrapper, Cytodyn (CYDY). Both of those suits were filed by former insiders against the company and current management.
Just last week another suit was filed against Cytodyn. In this one, Florida Circuit Court of Miami Dade County Case 2020-020074-CA-01 (available here) Shift Media Lab is suing Cytodyn for failure to pay its bills.
So who is Shift Media Lab, and what were they doing for Cytodyn? There isn’t much about Shift on the interwebs. According to the complaint they were engaged to provide “services” to Cytodyn for three months at $25,000 per month.
And just what might those “services” have been? If one looks carefully at Cytodyn’s disclosure statement to OTC Markets, Shift appears in the rogues’ gallery of what can kindly be described as stock promoters.
Is there a term for disgruntled not-paid promoters?
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They’re probably not going to “put people on TV” for CYDY anymore…
What a stupid fkn article, have u ever owned a business before?
[Can you find a single factual error in it? – Editor]
Hi, Adam Feurstein of Stat News over the weekend tweeted that CYDY had three negative rulings from FDA. Did you see these? I can not find them on FDA site. I appreciate your work and letter. Thanks, Tom O’Donnell
Tom, without seeing the tweet you mentioned, hopefully this helps answer your question.