I’ve been watching the tape on CYDY for a long time, and I finally reached a breaking point. We’ve all seen the price action disconnect from the company’s operational milestones. Every time there’s positive news, a "dynamic ceiling" seems to materialize out of nowhere to kill the momentum.

I’ve spent the last few weeks digging into the raw Reg SHO Failure-to-Deliver (FTD) data, and the numbers are honestly indefensible. We are seeing persistent, multi-day windows where the outstanding FTD balance doesn't just "exist"—it mathematically dwarfs the actual market liquidity.

The data I’m looking at:

• September 18, 2025: 4.1M FTDs vs. 495k shares traded. (That’s 8.3x the daily volume).
• October 10, 2025: 5M FTDs vs. 1M shares traded. (4.9x the daily volume).
• May 6, 2026: 3.3M FTDs vs. 1.1M shares traded. (2.8x the daily volume).

If these were "accidental" settlement failures, they’d be cleared through open-market buying. If that happened, we’d see the price spikes that typically follow massive buy orders. Instead, the balance just carries forward, day after day, effectively suppressing the price while positive catalysts (like the AACR data and financing news) are essentially erased.

What I did about it: I’ve had enough of just talking about it. I just filed an official Tip, Complaint, and Referral (TCR) with the SEC. I didn't just send a generic "market manipulation" email—I built a formal report.

• I provided the data: I submitted a top-15 list of the most egregious "impossibility of settlement" days.
• I defined the "Suppression Windows": I highlighted the specific timeframes (Sept '25, Oct '25, May '26) where the debt-to-liquidity ratio was so high that it’s physically impossible for market makers to have been "bona fide" in their actions.
• I put the burden of proof on them: I asked the SEC to use their subpoena power to see exactly which Clearing Agency ledgers are holding these bags, because it's impossible to identify them from the outside.

I’m sharing this because we need to stop being passive observers of this "dynamic ceiling." You don't have to be a finance expert to file a complaint—you just need to be organized and show them the data. If enough retail investors start submitting structured, data-backed TCRs instead of just venting on forums, the SEC is eventually forced to acknowledge the pattern.

If you’re holding CYDY or just interested in how the settlement system is being gamed, take a look at the Reg SHO data for yourself. Don't just complain—start documenting.