Cybin Inc (CYBN)

[sagedono]

Pre-market restless today. Setting up for a move? Only a matter of time.

[sagedono]

Up is where this is headed. I hope the keep it slow and steady, no gaps!

[Nosnibor]

Institutional Review Board Grants Approval for Cybin-Sponsored Feasibility Study Using Kernel Flow Technology to Measure Psychedelic Effects on the Brain:

Post published:January 11, 2022
Post category:Press Release

-Enrollment expected to begin in early 2022 –

TORONTO–(BUSINESS WIRE)–Cybin Inc. (NEO:CYBN) (NYSE American:CYBN) (“Cybin” or the “Company”), a biopharmaceutical company focused on progressing “Psychedelics to Therapeutics™”, today announced that an Institutional Review Board (“IRB”) has approved a Company-sponsored feasibility study using Kernel’s quantitative neuroimaging technology, Kernel Flow, to measure ketamine’s psychedelic effect on cerebral cortex hemodynamics.

As part of Cybin’s sponsorship of the feasibility study, the Company will retain an exclusive interest in any innovations that are discovered or developed through its independent analysis of the study findings.

“By leveraging the Kernel Flow technology, we may have the ability to measure longitudinal brain activity before, during and after a psychedelic experience, and collect quantitative data as opposed to subjective patient reporting,” said Doug Drysdale, Cybin’s Chief Executive Officer. “We believe the results of this study will lead to future studies that will test the effectiveness of psychedelic treatments and will further support our mission to develop psychedelics into therapeutics.”

The study received U.S. Food and Drug Administration (“FDA”) Investigational New Drug (“IND”) authorization in October 2021 and is expected to begin enrollment in early 2022.

About Kernel Flow

Kernel Flow uses pulsed light instead of continuous wave light to increase measured brain information. In contrast with electroencephalography (“EEG”) electrodes that usually require gel on the head or functional magnetic resonance imaging (“fMRI”) studies that require a participant to lie in a scanner, Kernel Flow is easily wearable. The entire system is the size and look of a bicycle helmet and could, in the future, be more broadly used for neuroscientific or physiological studies of brain activity during psychedelic use.

About Cybin

Cybin is a leading ethical biopharmaceutical company, working with a network of world-class partners and internationally recognized scientists, on a mission to create safe and effective therapeutics for patients to address a multitude of mental health issues. Headquartered in Canada and founded in 2019, Cybin is operational in Canada, the United States, United Kingdom and Ireland. The Company is focused on progressing Psychedelics to Therapeutics™ by engineering proprietary drug discovery platforms, innovative drug delivery systems, novel formulation approaches and treatment regimens for mental health disorders.

[sagedono]

Starting to run? Pay to play? Go CBYN!

[Nosnibor]

This is a bargain share price for sure.

[sagedono]

Loving the discount shares while this sleeps un-noticed. Today finished off my position for now.

[BubbaInSC]

better days are ahead

[BuffoAlv74]

Drive the price down, buy back up EOD. Kill the momentum and paper hands will keep selling as they get impatient. Nice tactic

[sagedono]

I have been building a modest position this week below 1.30 . I feel bottom is here or close and look for CYBN to come roaring back. Right stock and right time! Wish it had an active board though. Cheers!

[BubbaInSC]

PPS Direction Pretty Disappointing

some folks locking into profits before EOY?

[Nosnibor]

This company is set to do great things for the space IMO. Sound investment and adding regularly to my holding.

[Reyeton]

Here are the short cybn sales greater than or equal to $5000 per trade, traded in the last 7 days. Looks to me it may be a massively higher percent than what it was on Oct 15th. If news is wildly good, we could see a short squeeze. Hope so.

https://fintel.io/sst/us/cybn

[Nosnibor]

Here but quiet confidence at play.

[Reyeton]

Nobody Home?

Big News potentially coming Monday before the market opens (8:30 - 9:30 A.M.)

https://finance.yahoo.com/news/cybin-hosting-research-development-briefing-110000013.html

[halpern6]

just noticed that as well....symbol came up on my MACD turn scan...

[TheGreatGreenRush]

Peeps quietly loading for weeks now

[A-Gee10]

i dont know what is happening, but there was about a million shares traded in a matter of minutes this morning. we are now at 4.3 million shares traded at noon, the new all-time high for CYBN, i believe. previously, the all-time high was 3.5million. anyone have any idea what's up?

[BubbaInSC]

CYNB looks to have bottomed spread narrowing

[Reyeton]

Looks like we are moving center stage:

https://finance.yahoo.com/news/cybin-announces-appointment-dr-amir-110000421.html

[Reyeton]

Looks like we will be moving center stage:

https://finance.yahoo.com/news/cybin-announces-appointment-dr-amir-110000421.html

[BubbaInSC]

am watching buying on dips

[Devolution]

Kind of looks like a "sell on the news" day:

https://finance.yahoo.com/news/cybin-inc-ceo-present-two-164346439.html

Long-term, I feel Cybin is going to do very well.

Right idea at the brink of the right time.

[TheGreatGreenRush]

Been watching for weeks and accumulating as much as I can on any dips. Up to 5k shares now at 2.15

[Devolution]

Is anyone else watching besides you and I?

[The Night Stalker]

watching

[The Night Stalker]

dip

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=%20cybn&TimeRange=365&Interval=w&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=100&Indicator1=AccDist&Indicator2=StochRSI&Indicator3=CMF&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[BubbaInSC]

PPS Needs To Stay Above 50 day MA = 2.49

To be technically bullish. Big volume on 8/30/21 was bullish.

If pps breaks below support of 2.49, then pps will likely retest recent low of 200 day MA = 1.68

which way it goes...noone knows

winna winna chicken dinna for those who pick right :)

Did you pick some up on last dip?

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=%20cybn&TimeRange=365&Interval=w&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=100&Indicator1=AccDist&Indicator2=StochRSI&Indicator3=CMF&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=%20cybn&TimeRange=365&Interval=w&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=100&Indicator1=AccDist&Indicator2=StochRSI&Indicator3=CMF&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[BubbaInSC]

Nice Break Above 50 Day MA = 2.45

[A-Gee10]

Anyone know when Cybin will have their next earnings call? Or did i miss it already?

[Robodoc]

If the patents are well founded, and pan out. I hope we break your charting models. So far the battles are in your favor. Maybe we both win the war.

[Robodoc]

Looks to have found its base Bubba. Again, as you called it days earlier.
Your charting technique has been spot on.

[BubbaInSC]

Time To Buy???

RSI = 28.14 = oversold?

[Robodoc]

Thanks Bubba, It's good to have you here.

[BubbaInSC]

Am Bullish This Is Normal Trading Pattern

Had taken some off the table back in July.

Good time to pick some up on these kinds of dips

There is an outside chance to pick up some at ~$1.80

Honestly don't know if it will or not. This is a strange time of year for trading

PPS is not quite oversold tho....lol

and pps appears to have broken down below support of 50 day MA = $2.31

Just as you called it in July Bubba.

I hope you feel more bullish now.

[Robodoc]

Just as you called it in July Bubba.

I hope you feel more bullish now.

[BubbaInSC]

was overbought folks taking profits

[Porman]

What is with the constant drop in PPS since starting to trade on the NYSE?

[BubbaInSC]

awesome sauce!

[Renee]

CLXPF changed to CYBN. Moved to the NYSE AMEX from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[BubbaInSC]

Cybin_Announces_Overnight_Marketed_Public_Offering_of_Common_Shares_US_Excluded

IMO, not good way to raise money and exclude USA.

Would expect raising $$$ and dilution for this type of stock.

Explains the sell off today; in addition to being overbought.

7/27/21 https://www.businesswire.com/news/home/20210727006106/en/Cybin-Announces-Overnight-Marketed-Public-Offering-of-Common-Shares

TORONTO--(BUSINESS WIRE)--Cybin Inc. (NEO: CYBN) (OTCQB: CLXPF) (“Cybin” or the “Company”), a biotechnology company focused on progressing psychedelic therapeutics, is pleased to announce that it has launched an overnight marketed public offering of common shares in the capital of the Company (the “Shares”) at a price per Share and for aggregate gross proceeds to be determined in the context of the market (the “Offering”).

The definitive Offering terms will be confirmed at the time of pricing pursuant to the terms of an underwriting agreement to be entered into between the Company, Cantor Fitzgerald Canada Corporation (“Cantor”), Canaccord Genuity Corp. (“Canaccord”) and a syndicate of underwriters (collectively, with Cantor and Canaccord, the “Underwriters”), with Cantor and Canaccord acting as co-lead underwriters and Cantor acting as sole bookrunner. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The Offering is expected to close on or about August 3, 2021, or such other date as the Underwriters and the Company may agree, and completion of the Offering will be subject to market and other customary conditions, including approval of the Neo Exchange Inc. (the “NEO Exchange”).

The Company intends to grant the Underwriters a 30-day option to purchase up to an additional 15% of the Shares offered in the proposed Offering on the same terms and conditions (the “Over-Allotment Option”). The Over-Allotment Option may be exercised in whole or in part as determined by the Underwriters.

The Company intends to use the net proceeds from the Offering for general corporate and working capital purposes.

The Shares will be offered in each of the provinces of Canada, excluding Quebec, pursuant to a prospectus supplement to the Company’s short form base shelf prospectus dated July 5, 2021 (the “Base Shelf Prospectus”). The Shares will not be offered or sold in the United States or to U.S. persons except pursuant to Rule 144A or in such other manner as to not require registration under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). Prior to forming an investment decision, prospective investors should read the Base Shelf Prospectus and the documents incorporated by reference therein, including any marketing materials, which are available on the Company’s SEDAR profile available at www.sedar.com.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered have not been, and will not be registered under the U.S. Securities Act or under any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

[BubbaInSC]

this is huge

I was wondering why the recent run up in pps in past month

[psyched]

Cybin Announces Conditional Listing Approval from NYSE American

Wow! This came a lot faster than expected.


https://www.businesswire.com/news/home/20210721006001/en/Cybin-Announces-Conditional-Listing-Approval-from-NYSE-American

[BubbaInSC]

It's About Direction of PPS

rsi = 80 = overbought

likely short term direction is down

I agree that clxpf is about industry momentum and hyped potential and patents.

I don't think this stock price is about the current revenue. I believe it's all about future potential and maybe patents.

[Robodoc]

I don't think this stock price is about the current revenue. I believe it's all about future potential and maybe patents.

[BubbaInSC]

RSI = 80 = overbought

time to sell a bit?

[Reyeton]

An interesting perspective, perhaps:

[Emerging Growth Conf]

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Registration link for the next Emerging Growth / Investors Hub Conference here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164827214