Title of the article https://seekingalpha.com/news/3537077-cytodyn-holders-file-for-equity-offering is completely erroneous. #1 It is not filed by the shareholders. #2 It is an S-3 registration statement and holders may not plan to sell shares now

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Jason Aycock

Hi Jim:

There's no suggestion here that a sale will happen ... this is a typical registration and the item mentions that "up to" that amount could be resold. Or they may be no sale at all, but the news is that these are eligible for resale.

The item also has a clickthrough to the full filing for all to read.

This filing is also commonly referred to as filing by holders (it's filed by the company on their behalf) *specifically* to avoid confusion about dilution. As the item also said, the company won't receive any proceeds from any sales in the offering.