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Lot of word salad when ockham's razor states it is a worthless mab from the 90's. Had it any worth, your dreaded "big pharma" would have bought it out by now. How different was the world back in 1998 when Pro-140 was invented? No iphone, no facebook, etc. LMAO!
LMAO! It couldn't have been because it was a worthless mab from the 90's that a felon picked up from the trash heap that he then used for a series of pump and dumps?
And what facts do you use to judge that the current management isn't terrible? What has Cyrus and crew achieved in the last 8 months he's been on the job? Do you take it on blind faith that they have actually submitted those documents? Nader also said they had meetings with the FDA and submitted a HIV BLA, but he left out the part that it was a known incomplete submission. How do you know this current management isn't lying like the last one?
Did the guy even file the proper paperwork with the state of CA when he was running his hedge fund BioVega Capital? Wasn't that run out of his house also?
This company seldomly announces bad news in a straight forward way. It still has not released exactly why the HIV BLA was rejected. The former felon CEO actually piecemeal released that the HIV BLA was not fully submitted by burying the news in random unrelated press releases, and that too deep in the PR.
Also, it did not PR when the general counsel left. Also, has it even announced that Reckner left the company?
They will be in default of those $40M in loans they owe Fife next month and the interest doubles right? RIGHT?
The big boys did load cheap at 0.23 and now they can sell to the naive retail and create more bagholders.
The "official airline of the philippines" PR may go down as the most ridiculous piece of fluff ever released by a publicly traded US company! Speaking of that country, whatever happened to those 28 patients given the wonder drug? Wonder why Cytodyn PR machine went silent about those people when there was so much fanfare with all the paid PR pumpers talking nonstop when they got the drug?
Merck cares about the 100s of clinical trials being run on humans with Keytruda, not about some random scientist doing a pre-clinical aka mouse trial with keytruda and a failed drug from the 1990s. The Virus did his best in that fluff interview to try to link Keytruda and the wonder drug together, as if Merck had given its blessing, but anyone who knows the difference between clinical trials and pre-clinical trials wasn't fooled.
Lol is he being benchmarked to NP and his pumping ability?
Good find. I have asked MD Anderson numerous times on Twitter if they are "partners" with Cytodyn as NP used to claim. I got no replies. I highly doubt MD Anderson wants its name linked to Cytodyn in any way. Now, a researcher affiliated with MD Anderson possibly agreed to do a mouse study involving the wonder drug. But that is his personal choice.
Did Cyrus just open up CYDY for more legal liability? In his Biospace interview he says:
"I think a lot of it had to do with the prior management's lack of experience in the drug development space,” he said. “Having a CEO that wasn’t trained in the industry, didn't come from the industry and had no real experience operating in a regulated environment…led to a series of missteps.”
So if the Board Of Directors knew all this about NP, as it is assumed since they hired him, why did they keep him for so long as he was making these "missteps"? Were they fulfilling their fiduciary duty towards shareholders OR were they consumed by "unmitigated greed" for themselves?
Cyrus the Virus is just the dollar store version of NP. "Missteps"?! What the heck was the Board of Directors doing while NP was doing this "series of missteps"?! Paying him $10M a year for it?! LMAO!
The Virus knows NASH has ZERO chance of skipping P2 and getting P3 approval. Just another sop to throw to baggies to keep them excited.
"and the Executive desires to accept such employment,"
Maybe Cydyrus doesn't desire to be the CEO because when it goes belly up he'd be the CEO of record? Not exactly something that shines on Linkedin for future employment.
Relax its only a syringe issue. Speaking of which , have they paid their syringe supplier yet?
Bankruptcy will be declared after the Amarex arbitration is over and CYDY loses; however, that will be a while since NP's criminal case will have to be decided first.
This is the dump phase as insiders and financiers dump their bags onto naive retail.
If that happened Cydyrus has the perfect excuse to sell to the lololongs "it was out of our hands, the FDA terminated the hold....but please as my predecessor begged of you don't harass the FDA"
Scotty, Naddy, and Mikey one last vacation together (using riches from finessing baggies) to relive the good times before Naddy's court case starts would be cool.
Easy signal is look at the bogus "research" pieces written by aliases like "Bo Rhymes". All roads lead to Spokane Mike!
The whole world knows about this worthless drug from the 1990's. If it were worth anything "big pharma" would snap it up on the open market easily as a $360M market cap is nothing to them. Yeah, how come Lalezari's colleagues from the NIH haven't gone on CNN and Fox news shouting about this "discovery" after he informed them about it?
A lot of Nodder speak in there to CYA "believes", and "to seek". They know they got jack squat to remove the hold or it would have been done over a year ago.
Plus, money owed to Samsung increases to $121M on 6/1/23. These small raises just keeps the light on to pay salaries and legal bills. No clinical trials are run by this so called biotech.
This is a well known ploy by many mechanics in the game. To give an example of another penny stock, an OTC company called Lexagene just early last month was pumping up rumors of its device about to be sold to big pharma. The stock rallied and a surge in trading volume occurred as bags rejoiced at the impending good news. However, the company unexpectedly declared bankruptcy on Feb 24. It was assumed that its financiers got out whole in the weeks prior to this.
Saw this tweet:
CYDY's fiscal year 2023 will end on 5/31/2023, and 2024 begins on 6/1/2023, during which Samsung's receivables will increase to over $120 Millions. That would require the company to sell at least 500 million more shares. The bankruptcy dragnet will end soon.
Wouldn't it be nice had the BOD carried out its fiduciary duty and not grossly overpaid an unqualified felon $10M in comp and a grossly underqualified sports doc $3.5M in total comp? Perhaps they'd have some money in the treasury now to you know, do what a biotech does, run a clinical trial?
Will be interesting to see who the SEC and DOJ go after among the paid stock promoters for engaging in pump and dump. Currently DOJ has filed criminal charges against pump and dump scammer "Zach Morris" and his crew, so they do go after this type of stock manipulation.
They already have partners. Seven Seas and Regnum! LMAO!
Someone posted a filing earlier that showed NP's civil matters have been shelved until his criminal matters are resolved. That means he isn't concerned about testifying regarding the Amarex arbitration as he's fighting for his freedom right now. This also means any hopes and dreams the lololongs have of any money from Amarex is going to be long delayed as criminal trials take a long time to wrap up.
Exactly. If he's getting paid $458K and then turns around and buys $100K worth of stock at a discounted price, how much skin in the game does he really have? What real risk did he take? I'm guessing his end game is dreams of Nader like riches of being paid $10M a year in total comp while having a BOD willing to do what he wants.
This company never can be straight up and always has to try to lead on and confuse. If he did indeed buy shares with his own money we can agree that he got in at a very favorable price not available to retail. In that regard he is like Fife and Welch. Are the baggies praising those two?
These are the facts: this is a mab from the late 90's that its inventors jettisoned onto a 2x felon for the royal sum of $3.5M. In 25 years this mab has zero FDA approvals. The clinical hold with the FDA is more than a year. Something that should have taken 1 month to fix is still on clinical hold and you have zero proof the hold will ever be removed. Another fact, the company's syringe vendor is suing it for unpaid bills.
The lololongs are so excited that the virus put $100k into this. But did they look at the sweetheart terms he got? Its the least he could do to keep his very well paying job a bit longer and to try to pump this sucker as they desperately try to raise cash in a private placement. That $15M is taking a long time to raise.
Did we ever figure out what companies Scott Kelly was in partnership talks with? Whenever someone would ask him on those investor calls he'd always say he can't talk about it because of "NDA".
There was no mention of targets. Only a 6 month trial period. You are making assumptions that suit your hopium and ignoring facts about this company - it has existed as a self-enrichment vehicle for insiders and financiers. Who is earning money from this company right now? Insiders are getting paid their salaries and financiers are dumping their sweetheart shares and warrants onto the market. Retail shareholders hold bags that are underwater.
If its a pre-revenue biotech company than why were its executives paid at the very top in the pacific northwest on par with execs from Nike? Why did a clueless felon earn millions? Why did doctors with no clinical experience in HIV or Oncology earn millions?
Management stays silent and does not clear up this dream that longs have. There is zero possibility of getting a cent from Amarex as this is not litigation, which Cytodyn dropped realizing the futility, but arbitration to decide how much Cytodyn owes Amarex for services rendered. The money only goes one way: from Cytodyn to Amarex.
Hence NP's pathetic pleading to leave the FDA alone in his proactives. "No the FDA are goood people, please don't harass them (and bring to attention my blatant lies)" LMAO!
They gambled the SEC would not venture into the sewer that is OTC penny stockdom, but they gambled wrong this time. Usually they would have been correct, but NP's lies were so blatant and could harm the public's health they had to act.
I'd guess Darius is hedging his bets and waiting to see how the SEC and DOJ investigations shake out. I'd bet he never wants the CEO title and just wants to ride this out for the paychecks because who wants to be listed as the CEO when this hits bankruptcy? Doesn't look good on the future linkedin listing.