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Gestalt2, how are you certain that the Paulson raises with warrants are over? Yes, the last raise WITHOUT Paulson was great and much better, but what happens 6 weeks from now when CYDY needs to raise more $$ and if the stick price is still lagging?
I'm cautiously optimistic but we've been down this road too many times....
I think we have to treat CYDY like it was a trade in sports. You can't really evaluate how it turned out until AFYER the fact.
I had very high expectations of Tony when he joined CYDY last year. All his BP experience would get us to the finish line. And so far it just seems like we are a lot more delayed than we thought at this time last year.
But -- if Tony pulls off a great deal in a buyout, then we can look back and appreciate how great he was.
Until then, we are here speculating what/when this will finally end.....
I agree with you Bobby 1000%. We had a better chance to uplist a few years ago. Remember in 2016 when Charlie Sheen started talking and we were over $1 for a while and even cracked $1.50? I think that was April 2016. Wow -- I looked like a genius with my CYDY investment at that time. Lol
Yes exactly. Ahab is talking about a return of over 60x from today's share price. If that happens, I may have enough money to buy my own biotech stock!!
Even $5 is a LIFE CHANGER for me considering how many shares I have
Regarding the 8k just released -- looks like a note that pays 10% interest and can be converted into shares at 55 cents each after 6 months. No warrants?
Am I reading this correctly?
This seems better than recent Paulson raises though I wish the conversion price was higher than 55 cents.
Some good news:
https://ir.cytodyn.com/news/detail/279
It seems to me that for some reason CYDY management WANTS the price to stay low....based on very little communication to shareholders as well as really bad PR that takes a few smart people on this board to really interpret.
Why can't they re-word their PR and include more specifics and toot their own horn just a bit??
I'm patient yet frustrated as hell and wonder every day can all of us longs be missing something.
Nt2innovate: are you saying you bought shares and warrants directly from CYDY at the same deal as Paulson? 50c shares and 100% warrant coverage at 75 cents?
As for investing in a retirement account, I have done a few deals with Paulson from my IRA so I have no tax concerns. I even exercised some warrants from the same IRA.
I agree with Buckysherm that we shouldn't expect much from the ASM conference. This is not an investor conference and we have no analysts covering our beloved stock. Time will tell....
Hey Cyn, I was originally contemplating going to the meeting but changed my mind.
I don't think much will happen and there probably won't be too many shareholders.
Please go and keep us posted on what transpired and who you met.
I am waiting for the message board 'union' of us long suffering longs. We can have one in NYC and one in Vegas!
Paulson doesn't care....they take their fee and probably enjoy the con$tant ca$h they receive from these raises. It WILL end at SOME point!!! Hang in there longs...
I'm not getting my hopes up too high for the ASM conference. Does anyone recall when our next meeting with the FDA is scheduled for?
Can you verify that the strike price of the warrant is $2.89? At least that's what I deduced from your numbers.
Thanka!
Sandra - I know you're on the KTOV message board. Did you see that it shot up 30% today on huge volume? This is because the FDA approved their Osteoarthritis drug.
KTOV stock trading was halted this afternoon as the news was anticipated. And then trading resumed later.
Wow....imagine what could happen to CYDY when we get FDA approval!
My biggest fear is this crummy OTC exchange that CYDY trades on. No analyst coverage, no institutional buyers, etc. Unless we get to a real exchange like KTOV is on, how can we have an explosive day trading millions of shares?
This is why I believe CYDY's stock price remains in the crapper even as we release good news after good news.
We should have been on the NASDAQ a few years ago when the opportunity was there ...not like the recent uplist/ reverse split fiasco that made management look quite dumb and inexperienced.
I welcome any comments on HOW we can get off the OTC....
Vegas for a CYDY shareholder gathering? Great idea! Hopefully we'll have enough $$$ to even do some gambling.
We all meet by the fountain and try to figure out who is who.....hahaha!
Well put Saltz. We really have no other viable option....and hopefully we will SOON be done with these annoying Paulson raises. Until then, they will continue to happen but in the long run, if we get the valuation that many of us here think we will, it will all be worth it.
And we will have to figure out where to hold a CYDY message board "reunion"!
It is very exciting at how well CYDY "might" do. I have accumulated over 400k shares thru Paulson a few times and more recently at these low prices. My average is probably about 65 cents. So if we shot up to $5 that is life changing and I'll quit my annoying Corporate job for sure !
I keep saying to myself 'What could go wrong?' and I shudder to think what really could go wrong. Seems like everyone thinks the science is great. I hope to look back someday and say "I'm so glad I kept getting greedy and bought more CYDY".
What ever happened to Pearsby? Awfully quiet....maybe he/she can't trash the science any more?
Got 5000 at .48 today.
Oops. I meant "Sandra"...my apologies!
Thanks Dandra for the details! Just noticed you're also on the KTOV message board
I just bought 5000 at .4998. I think I'm done!
Hey Krish,
You can invest thru Paulson if you're an accredited investor. Minimum has been $25k....though not positive what the minimum is for this new round.
Accredited investor means you're net worth is at least $1 million of all assets, including retirement, but excluding your primary residence. OR that you made over $200k the past 2 years.
They do not validate your assets....you just have to say that you are worth over $1 million
Hope that helps.
Just added 5000 shares today
Excellent points buckysherm. We have been excited before only to be disappointed. At SOME point, this will look like a good investment. It is difficult to be patient sometimes.
Management recommends shareholders to approve the right to issue up to 75 million new shares of CYDY. While that dilutes current shareholders, I don't think there is a better option at this point in raising $$$.
We have been down this road before. And I will vote to approve the 75 million shares.
Hopefully we will not need to issue this many shares for much longer !
Wow...no excuse to miss it!!
Hmmm...I may go now that someone else will....let's touch base in a few weeks.
Just got the special proxy vote letter in the mail today. The one asking shareholders to authorize CYDY the right to issue an additional 75 million shares bringing the total number of authorized common shares from 375 million to 450 million.
Anyone going to this meeting by any chance in Roseland, NJ on June 7?
Blueheel,
You need to be an 'accredited' investor to participate in a private placement of CYDY shares and warrants with Paulson.
This means either making over $200k for 2 straight years and expect to make that this year or have at least $1 million in total assets excluding your primary residence.
Note that Paulson does NOT require any 'proof' that you're accredited
The minimum amount had been $25k in the rounds I participated in back in 2015 and 2016. Not sure what it has been lately.
I put in a buy order for 5000 shares and had 4486 filled. That was a weird amount. I have 514 still in an open order.
I have over 400k shares (including warrants) and I feel like Getty greedy again and add more today....
Way to go Saltz... I may do the same.
Glad you got some cheap shares d0lphint0m. What was your price?
I think I'll add more (again) like I did last time CYDY was in the low 50s. I have a huge position but yet am getting more greedy at these prices !
As for the ASM conference being pushed back 2 days, does that mean it's now on June 11? Someone posted earlier that is was on June 7, two days early.
Anyone?
As long as you know how to be a good doctor Ms. Misiu....that's what counts! Lol
Here is the new PR:
https://ir.cytodyn.com/news/detail/274
Call me crazy...I added another 5000 at .50 earlier this morning. Too tempting at this price.
Can someone who knows the ins and outs of trading on the OTC, please verify that in the case of CYDY it may not be easy to short the stock. The Market Maker responsible for CYDY has the ability to do shorting, but has anyone else experienced how easy or difficult it is to borrow shares of a penny stock that's thinly traded ?
One point to Martygx regarding warrants, I'm sure some people sold CYDY stock that they already had in their account at market value (.75, .55 or whatever) and used those proceeds to exercise the warrant tender offer at 50 cents / share. That's a way to keep the same exposure to CYDY stock at a lower cost. Just my 3 cents...
So my concern is that CYDY's stock price will get beaten down after the RS as long as we stay on this shi*ty OTC.....hope that is not a long period of time before the ACTUAL uplist occurs...
Does anyone know exactly WHEN CYDY can be uplisted on the NASDAQ?
Let's say we do the 1 for 15 RS, and our shares are $7.50 each. Do we need to trade for a certain period (and how long exactly) before the uplist actually takes place? I assume it does NOT happen right after the RS?
Gestalt2, Saltz and I exercised a bunch of our warrants ... I did about $30,000 with (60,000) shares....
So I'm glad I could do my part in helping CYDY raise some $$$. So....what's the burn rate? How much time did the $$$ from the warrant tender offer buy us? Another month or so?
Its official! The tender offer for warrants at 50 cents closed at 2:00 PM Pacific time. So what was originally supposed to happen by late December has finally happened...albeit after 3 straight extensions. I'm curious as to how much $$$ they raised considering the 63 cents closing SP today. I exercised some of my .75 options and I know that Saltz did for his $1.35. So I know I did my small part in helping CYDY with a few bucks
Now management should be gearing up for some good PR that should garner interest around the time of the R/S. I hope they choose a higher factor for the reverse split because it would totally suck if they did a 1 for 10 at .65 and the $6.50 price sinks below the $5 threshold. Then what? Ouch
But we will soon be off the annoying OTC market and onto a REAL exchange with real analysts covering our little CYDY and giving it the exposure it needs and the institutional investors will be allowed to buy CYDY....hopefully all of this helps the SP.