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Excellent perspective LaundryMoney. Much appreciated !
With all this optimism going around, next thing you know we'll be talking about the big Vegas 'union's since it really can't be a 're' union as most of us never met each other. In due time folks....in due time.
My exposure to CYDY is about 30% of my portfolio. A bit too much but perhaps I'll look like a genius soon and retire early !
Saltz- 'Tempted to go a little deeper'? As in buy some more CYDY? How -- on the open market?
I have way to much CYDY compared to the rest of my holdings that I'm nervous everyday but confident that things will be great down the road.
Good luck if you buy some more!
Pennies: As I mentioned on the other board, if we don't inject the first TNBC patient within a few weeks and Nader blows past this deadline by a few months, there goes more credibility.
How long before we start getting results after the first TNBC injection? 21 days?
This means by late July we should have some good news right?
Good point Evil Rabbit....I will send Nader an email with my sentiments.
We can bitch all we want here but should really let management know how we feel!
EXCELLENT post by TonysD and LawMan as well. I agree that Nader is not an effective CEO...I don't care that English is not his first language. But he has very little credibility. We can NOT blame the FDA for the paltry $9.1 million from the TO.
What annoys the crap out of me is the Investors Daily video he did a few days ago.
Someone here quoted him as '$30 million hopefully close to $40 million' when he was asked how much he expected to receive from warrant holders in the TO.
How can he say $30-$40 million when we brought in $9.1 or $12 if you include the May TO for those few investors???
Was he lying? Clueless? Either way he should not state incredibly UNREALISTIC numbers that were not even close to the final tally. That is what pisses me off and I assume the 80 % of warrants that remain are because warrant holders are tired of his BS at this point.
Nader appears passionate and hard working but as the FACE of CYDY in communicating with the public market he is not the right choice.
Fortuno: Help me understand your example about having 1 warrant and 40 cents. If you buy a share on the open market for 40 cents you would now have 1 share and 1 warrant effectively meaning you COULD have 2 shares (if you decide to exercise the warrant at some point before it expires).....BUT you still have to pay SOMETHING for that warrant to be converted as the warrants are not free and are not tradeable on the open market.
So, given that many warrants are at .75 wouldn't it effectively cost you .40 + .75 to get to 2 shares as opposed to .40 only to get to 1.5 shares?
JPG: For those that actually NEEDED the funds to participate in the tender offer, they would have sold their CYDY shares sometime last week because it takes at least 3 days for the funds to clear in a brokerage firm and then be wired to CYDY.
If someone sold CYDY yesterday to participate in the TO that expires today at 5:00 PM Eastern, they could not possibly use the proceeds from the CYDY sale.
I know CYDY wants the $$ ASAP as I sent them a check dated today yet they cashed it 2 days ago.
Hey Lawman,
I've also taken a bath on EVERY other Paulson investment over the past few years: Antriabio(Now RZLT), Dermtech, MYDX (formerly CDX), Scilex (Now SRNE) to name a few.
But CYDY could make up for all those losses.
Hey Index Guy: You have less than 51 hours to get your paperwork and $$$ to CYDY for the tender offer....please hurry !
TO means Tender Offer. Most on here use abbreviations all the time.
I believe when everyone provided their estimates from the TO, we were thinking the GROSS proceeds -- the amount of $$ that warrant holders sent in, and not the NET proceeds.
At least that is what I was thinking.
Regardless, only 2 more days left!
I got the confirmation from CYDY that they received my 'whoppong' $11,200 for my 28k warrants....every little bit helps.
Can you please add me to the list at $25MM. Thanks!
And put me down for an even $25MM
Well I have over 500,000 shares once I send in the money for the tender offer. This is a huge part of my investment portfolio and I believe I can retire early within a few years and of course meet everyone in Vegas!
Mine were in RBC as well. I will make that phone call...thanks !
Thanks for the info Saltz....and congratulations on exercise the tender offer!!
Question: did you actually mail them your original warrant agreements ? I emailed them a few questions but no reply yet.
Glad to hear Saltz. Hopefully you won't be selling any CYDY shares to raise the funds for the tender offer
Today sealed it for me. I will be converting 28k warrants and gladly handing over $11,200 to my favorite little biotech company. Mr Saltz....I assume you're doing the same? You've been in CYDY longer than me so some if your warrants are higher priced. I regret converting some last February at 50 cents and no bonus shares but glad I'm doing this now and hopefully we will raise enough cash from this TO and be on our merry way!
Getstalt: great points! I intend to exercise my 28,000 warrants and do my part in helping CYDY raise $$$.
As a long time shareholder who has done 4 different Paulson raises....at 75 cents a share and 67.5 cents I am thankful that I am being given an opportunity to buy at 26.67 cents. But I am also down a lot of $$$ compared to any new investor that has bought on the open market.
As for this current warrant offer - I assume CYDY mgmt has the right to rescind this offer prior to the June 13 deadline - can someone confirm this ?
A17: I just made a blunder. Meant to say $141 MILLION...lol
Amateur: Confusing 156 million shares with $156 and saying that's enough funding for 2 years is a huge error....just saying.
Amatuer-- how did you come up with $140 million if all warrant holders participate in the Tender Offer of 40 cents?
Seems way too high.
So Saltz....this is the deal we have been waiting for. I have 28k warrants with 75 cent strike price so I will most likely gather $11,200 and go all in.....of course I could sell $11,200 worth of CYDY but will not.
Hopefully most warrant holders participate with new money so the SP doesnt drop too much.
Hey Tonysd: they only offered the warrant to their top shareholders. While Saltz and I have a lot of shares and warrants.... I don't believe we are anywhere near a top shareholder. However, if they extend the offer to ALL warrant holders I am definitely in.
Hopefully if they still need $$$ that they extend a similar tender offer to all CYDY warrant holders....not to be selfish...but this would avoid another dilutive round of financing.
Can someone post on here details of the warrant offer that was discussed and the one Saltz would sell his shares for.
Thanks!
Fortuno-- your marathon reference was spot on. As someone that ran the NYC marathon 4 straight years, I can attest that nothing is more annoying than seeing a spectator drinking a cup of coffee and yelling 'you're almost there'! Lol
Unfortunately I could not make the presentation in person. Was hoping to meet with Nader 1 on 1 but the allotted time frame available didnt work for me....
I sure hope so Evil Rabbit....otherwise we are buying pennies for dollars. Lol
I hope it's a great move....though lately every time I think I'm buying at the bottom it drops further. Time will tell.
I bought 10,000 shares at 42.5 cents. I am very over exposed in CYDY but yet I couldn't help myself today.
Hey Evil, when is the shareholder meeting? Thx
Speaking of the 'other board', can someone post the full name and/or link that board? Many here live on abbreviations.
I understand if you guys think it's bad to advertise the other board but I'd like to at least check it out and say hello to Alicja (misiu).
Great summary Saltz! I especially like the reference to Nader having 1 bullet in the chamber and telling potential licensing partners he has 6....lol
We just have to deal with Nader and keep our expectations LOW when he starts rattling about anything to do with timelines.
Fortuno - I agree with everything you wrote. Comparing Nader's words to what's officially in the Q's is like night and day.
It's frustrating that he keeps hinting that we are so close to deals.....that we have better financing options....we are ready to inject....blah blah blah.
I'm holding all my CYDY shares but am losing patience on how long this is taking -- it wouldn't be as frustrating if Nader had not continued to paint a much rosier picture.
Hey Doc -- you mean 600 million of course right? Not 600k
Amateur17: Thanks to sjacobs and MJbiotech for pointing out the fact that the negative article you referred to is old and was followed up a few days later with a more positive view by the same author.
To me this illustrates that you are constantly reporting negative things here about CYDY.
Any rebuttal A17???
Ok Suvorov.....I want you to man up (or woman up) when it hits 60 cents. And we will do the same if it hits 40 cents.
Just don't pull a Pearsby and just disappear!!
I added 5000 shares today at .48 as I couldn't resist!
Where has Alijca (misiu) been? It's way too long without any posts from her.