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I’ll say it again : the “selling shareholders” listed in the S-3 does NOT mean they are selling their shares. I’m not selling these shares I just bought for 25.5 cents each and not exercising the warrants I got for 30.6 cents each.
Anything else is just speculation.
“Lonsford claims to own only 15,000 shares after the offering correct?
CORRECT? “
Not correct. The column headings on the S-3 are confusing. It makes it seem like the number of shares AFTER the offering is what the person will own. That’s not necessarily true. That assumes the investor sells all the shares from the offering. Again - that’s not a fact they they will sell all shares even though they are referred to as ‘selling shareholders’.
I saw the S-3 and was surprised it’s listed that way. I looked at my investment and the column where it shows the number of shares AFTER the offering is actually self reported (at least via a form completed with Paulson) where the investor states how many CYDY shares they have besides this offering. There’s no way to verify this amount. It’s actually meaningless.
Please repost the S-3 columns along with Lonsford’s totals and I’ll explain in detail.
Because I’m in the S-3 I know exactly what the columns mean but again it is a bit misleading.
If there’s anyone else here that invested recently and appears in the S-3 feel free to chime in and back up what I’m saying.
Want to clear this up AGAIN. Just because people are listed on the recent S-3 (as I am) this does IN NO WAY mean that those people are selling their CYDY shares. I can see how some can get confused because these people are referred to on the S-3 as “selling shareholders”.
This simply means that the once the S-3 registration is approved these investors will get their shares and have the “ability” to sell. It DOES NOT mean they will sell.
So Lonsford appearing on the S-3 does NOT mean he has a lot of shares to dump.
There is NO HARD EVIDENCE that anyone on the S-3 will sell their shares once the registration becomes effective.
“Why no S-3 declared effective? “
It has been discussed here that the SEC has some time — perhaps 20 days - to reply to Cytodyn. So once again there is still time to respond to CYDY’s filing.
Wrong. There will not be 550 million shares hitting. This has been discussed here quite a lot. Almost 20 % of those shares are warrants. The shares need to be somehow sold to investors , etc.
There are not 550 million shares hitting all at once.
Why are some speculating that the SEC must declare the recent S-3 filing effective by end of day TODAY??
“If they dont declare it effective by 16:30:00 today then theres probably a problem brewing behind the scenes... “
This is totally NOT true. Where did you come up with today as a deadline ???
I believe the SEC has up to 30 days to provide a response.
I can’t say for sure. My understanding is that Pestell ‘given’ those 7 million shares by CYDY and these shares were lumped in with the shares from previous Paulson rounds of financing. They did not separately file an S-3 just for the 7 million shares.
But this does NOT mean Pestell has an intent to sell. Prove that to us. All the investors listed in the S-3 will be getting their shares deposited into their brokerage that they paid for a while ago
All shares in the S-3 means that these shares will be registered and deposited into each person’s brokerage that would take these restricted shares (most brokerages do not take restricted OTC shares).
The Pestell shares included in the recent S-3 weren’t purchased from Paulson. This S-3 had new shares being registered dating back to last year — it included Paulson shares as well as shares that CYDY ‘gave’ to Pestell.
“550 million shares hitting the bid very soon “
Can someone explain this one??
No TheSwordman. People that previously bought Paulson shares — before those that were in the recent S-3 - could have certainly sold shares and exercised their warrants (like I did). My post was Referencing only the recent 200+ million shares.
“Would it be legal for him to pump this when he is listed on the S-3 as having intent to sell shares to the public?”
I want to clarify something regarding the recent S-3 registration that may be misleading. Simply put — the people listed on the S-3 (myself included) are those that have participated in purchasing CYDY shares through various offerings in 2021 and 2022. These shares have not been registered until the SEC approves the S-3 registration which was just submitted. The people on this list do not necessarily have ‘an intent to sell’ their shares but rather this is a requirement of all shareholders to sign the form so that these shares get registered and then transferred to a broker that would accept these shares since they are considered ‘restricted’ and can’t easily / quickly be dumped right away into the market.
Can these shareholders sell their shares once this registration is approved ? Yes of course. But it does not mean everyone on the list is ‘intending to sell’.
“Half a BILLION shares !!! “
Wrong ! Not factually correct.
99 million of those shares are warrants with expirations of up to 5 years. Does not mean everyone will shell out the cash to exercise these warrants — some of them have a $1.00 strike price.
And the 120+ million shares that just got registered in the S3 does NOT mean everyone will start selling these shares.
And the 350 million shares that ‘May’ be authorized next week by shareholders does not mean all of them hit the market at once. Takes a long time to sell these newly authorized shares.
“Just read your note again
Quote:
Either way CYDY had MORE $$ than what was reported in the 10K
. Are you suggesting they lied on their SEC file?”
No —- I simply said you mentioned that CYDY had only $4 million as of the end of May. And since then CYDY raised $$$ from Paulson. Yes — the 10K is accurate but it is OUTDATED by almost 3 months concerning the cash position. There is no way to determine how much $$$ CURRENTLY has today.
“They owe 120m plus and only 4m in the bank”
Only $4 million in the bank AS OF MAY 30 per the 10k right?
Hmmmmm…has ANYTHING happened since May 30? Perhaps a $21 million raise by Paulson??? Asking for a friend.
In reality on day 1 when SOME of the newly issued shares are available for sale only a small portion will be sold ‘immediately’. Certainly nowhere near 35%.
“Nope my post did not require anywhere all the 350 million shares to hit the market at once. I have never written or assumed this. “
You DID assume all 350 MM shares hit the market because you stated 35% dilution.
“With 35% dilution hitting blinded shareholders soon…”
You are assuming that ALL 350 million shares — IF AUTHORIZED BY SHAREHOLDERS- will ALL hit the market at once.
That’s not how it works. A portion of the 350 million shares will likely be sold as part of a Paulson round of fund raising which takes some time. For example, the last Paulson round was completed a few months ago — and NONE of those shares have even been registered yet so accredited investors that bought those shares can’t even sell them yet.
Will there be SOME dilution soon? Yes.
But NOT an IMMEDIATE 35%.
Let’s stick to the facts!
“Cytodyn’s current market cap is x100 higher than what it could get in any deal.”
Is there ANY proof of how this calculation was derived at? Asking for a friend.
“Remaining leronlimab expires in 2026 but they stated they don't expect approvals by then.”
WRONG!!! Please provide evidence that CYDY “stated they don’t expect approvals by 2026”.
What they REALLY said is that the inventory “may” expire. Big difference.
“It’s over for Cytodyn.
Missed a deadline that was already delayed. “
WRONG!!!!!
“If they don't file it by the 15th, most likely the SEC will halt trading of the stock.”
Can I remind everyone that today is Aug 13. The 15th is Monday. Can we at least WAIT until Monday night to post all these messages about CYDY NOT filing their 10k ?
“At the end of August, 2022, CytoDyn is planning an issuance of 350 million more shares”.
CYDY is planning on a shareholder vote to approve the issuance of “up to 350 million shares”. They are not simply issuing 350 million shares. They are seeking to have 350 million authorized and to be issued as needed. Just a minor correction.
“So it begins, saw this on Twitter (not a bad idea to try to get your money back if you fell for the recent pump and dump”
So can you tell us what exactly was the RECENT pump and dump ??? I don’t recall this.
“I already saw on Twitter a law firm poking around about this”
A law firm on twitter? Tell us what type of poking this highly respected law firm did?
“No 10K...lights out.”
Lights out? As in bankruptcy??
Back to that nonsense again.
Let’s see what happens next week….
The usual Form 4’s are out now. So this has been routine ever since CYDY management has been paid a PORTION of their salary in stock instead of cash.
I know when this happens there are usually negative messages posted here so I figured I’d start out with the TRUTH of what the Form 4s represent here.
If an investor (not a trader or group of 3 or 4 traders as suspected on here) buys AND sells the same security to create volume, that would NOT cause a 20% runup in stock price (as we had just today alone) or a 300% runup as we have seen over the past few weeks.
This runup is due to MUCH MORE volume on the buy side.
“Hmmm, dip to $1.09? Wash traders already running out of money? “
What is a wash trader ? Who really cares about a saline company on the brink of bankruptcy?
Exactly. “Wash trades”? That was a new one recently circulating on here without any hard evidence of course.
BANKRUPTCY here we come !!!
TREEEEPLE DIGITS!!
Highest close of the year. Not bad for a soon-to-be-bankrupt (any day now) company whose only product is as good as saline !!!
“There’s speculation that all of the inventory will be written off. It expires soon anyways and nearly 0% chance approval before the end of the next FY.”
DEBUNKED!!!
According to the MOST RECENT 10q regarding inventory :
$21 million expires within the next 21 months
$64 million expires in 22-45 months
So MOST INVENTORY does not expire “soon”.
“There’s speculation that all of the inventory will be written off. It expires soon anyways and nearly 0% chance approval before the end of the next FY.”
Since the above has been stickied it must be very important.
That being said, can we have some HARD EVIDENCE —and not speculation — about the “speculation” that ALL of the inventory will be written off? And the “nearly 0% chance approval before the end of the NEXT fiscal year”.
“A classical paper:
https://www.jstor.org/stable/248174 “
Thanks so much for the RECENT example from 1997.
“Seems strange Warren Averett said "there were no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K in the interim period through April 13, 2022".
What is so strange here about not having any disagreements ? Please educate us with FACTS.
What does not seem right ??
I see a lot of “words” written but no evidence that clearly paints the actual picture.
“Me thinks the market smells a rat.”
Me thinks CYDY hit ANOTHER 6 month high today. Not bad for a saline-producing bankrupt company.
“There’s speculation that all of the inventory will be written off. It expires soon anyways and nearly 0% chance approval before the end of the next FY.”
Speculation ? That’s the ONLY thing on here that’s common. Everyone speculates. People keep saying bankruptcy and paint a doom and gloom picture WITHOUT ANY EVIDENCE as usual.
For example - “ALL of the inventory will be written off”? PROVE IT!!
“Quick question- What is it called when a co has no money, no S-3 shelf registration, no revenue, tens of millions of dollars of past due debt to Samsung, and pays employees with shares?”
It means impending bankruptcy and a crashing stock price back to the 30s of course. And don’t forget criminal charges to all those HEALTHY 59 people that WALKED THEMSELVES into the clinic only to die from Leronsaline!