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Dive bombing because people are wising up to the fact that the FDA will never remove the hold as long as the SEC and DOJ investigate this company. Cyrus and Migliarese just want to get paid and have no incentive to do anything as long as the bagholders keep voting to dilute the company and allow more shares to be used to pay salaries. When was the last time a patient was dosed? You know, things a real biotech does.
Guess where Tanya used to work at?
The shorts had horrible luck in 2019 and 2020 early on because this stock was being pumped by a 2x felon with fraudulent submissions to the FDA and his lying CFO who promised a Nasdaq uplisting in 6 weeks. However, the message that the shorts were conveying was not wrong back then: this is an insider self-enrichment vehicle for management and financiers run by a felon out to enrich his own pockets and not to advance the science.
Was Miss You dumping her shares today?
The jelly man was one of the highest paid board members in the Pacific Northwest when he was on it. I believe he was pulling in around $2M (!!) a year when the average board member in the US makes a median comp of $45K a year.
BOD comp in USA
"Truth Bomb" on yahoo gave the cliff notes on CYDY "....Just a wild eyed smooth talking Persian who stole your money with an assembled cast of conmen who could be bought for the right price…"
Speaking of those pesky windows, in the entire history of the company was Chris Recknor the only executive who used his own money to buy shares on the open market? Did Scott Kelly ever? I don't count Cyrus' little stunt where CYDY pays him a ton of cash as salary and he then goes and buys shares with it.
I actually signed up to Glassdoor just to read that review. Here is the meaty part:
Ben Borgers gave us more than 100 clients to perform attest services but he defaulted paying 6 months of dues. He is a fraud man
You think they found an auditor willing to bend the truth?
Interesting. Locking up that scoundrel would probably end 90% of the pump and dumps in biotech.
Give me one instance of the SEC or DOJ going after a "paid basher". I can give you numerous examples of pump and dump crews that were charged and locked up.
Oh wow did they hire Deloitte? Oh, what's that, No? Oh, some unknown 2 man shop out of Colorado? Someone out there is desperate for a paycheck.
You're the bozo who keeps pumping this fraudulent penny stock. Has the former CEO plead yet or is he going to roll the dice in court?
Moneycrew admitted in a post he never bought a share and he keeps giving ominous warnings of what "we" will do soon. I wonder if the SEC and DOJ would be interested in finding out who this mysterious "we" he refers to? He sounds like he's working for one of those offshore promo firms Nader hired in the past.
Has that tired old pump of "hey look new job postings by cydy" been trotted out yet?
It's a junk drug from 1998 with no FDA approvals.
You do not know the real reason the FDA hold is still there, none of us do, because Cyrus and the company have refused to tell us exactly what the FDA required. They did not release the correspondence letters/emails, just like Nader didn't when the HIV BLA application fiasco was ongoing. It was only released because he was stupid enough to start litigation with Amarex. FDA clincal holds don't take 18+ months to resolve.
Since you are pointing out the "poor" in those 2's names did you also notice that the current leader of the company has the following in his last name migLIARese or will you point this out after the fact a year from now. Weren't you praising Nader when you used to post under a different alias?
Here' another prediction to add to the list: the FDA's clinical hold will never be removed without additional data that management is not telling you about. Just like Nader refused to say what was needed for the HIV BLA filing.
They fumbled HIV so badly. Any competent management that knew how to design trials properly would have got FDA approval at least 5 years ago. Now, competitors have passed them by. 2x yearly injections vs. weekly is a non-starter.
Nader's m.o. has ALWAYS been to blame others for his shortcomings - ex-wife, critics, pestell, kazempour, etc. I hope he gets the full 205 years in prison he's up for.
They didn't want to go on the "you'll be paid in shares.......when and if we get more authorized in November" plan?
Will a new auditor be announced by November 10? The 10Q is due on October 15. CYDY themselves warn that if they can't get a new auditor in time they won't be able to release the 10Q on time. That means the stock hits the pink sheets then. The auditor "MGO" that quit was the 2nd auditor they've had in the last 2 years. That alone should be a flashing red light.
What sane auditor will sign on to this company and agree to put out a 10Q by the October 15 deadline? Looks like this is headed to the pink sheets.
He is talking out his ass. He claimed the shorts, not the company and Nader, were the ones being investigated by the SEC. The SEC and DOJ indicted Nader and no shorts.
No CEO, No CMO, No Auditor. Hold still in place and they failed to submit the paperwork to the FDA in September like they promised. 0.18 for a failed drug from 1998. LAUGHING
Who predicted he would leave? Why the heck would he leave when he is getting paid $300K a year to live in his home in California as a part time employee and basically do nothing?! Yes, he has done nothing! Prove what he does every day in an 8 hour workday to earn his $300K salary, which is nothing to scoff at as that is what some physician's earn. What did Cyrus achieve in his 1 year as interim President?
From page 10 of today's POS AM filing: If the Company is unable to engage a replacement registered public accounting firm to review its quarterly financial statements before the due date for its Form 10-Q for the fiscal quarter ended August 31, 2023, it may be unable to timely file the quarterly report.
If her identity is actually ever revealed and she is not one of the paid promoters I would be shocked. My bet is on Spokane Mike since she posts on his new biotech penny stock's board.
Some of the crazies on stocktwits are excited about posts Cyrus likes on his linkedin and think it has something to do with Cytodyn's future when in reality its most likely him just angling to get noticed by that company for his next gig.
Stop calling them "new" management and giving excuses for them based on them being "new"! Nader's been gone nearly 2 years!
Only thing these shysters care about is their bloated compensation packages. The weed n guy earns close to $2M a year!
Who is paying for Nader's lawyer? He sued CYDY over this then withdrew his lawsuit. Did he settle with CYDY?
lol ok. That's a good defense for Nader to also try out, why don't you tell his attorneys to claim he wasn't lying and it was 'freedom of speech".
So Cyrus Arman earns $300,000 a year now, when he earned $1.5M in the last 12 months. This $300K is a physician's salary. Every 2 weeks he will receive a check for roughly $11,538 pre-tax wired to him in his home in California. He isn't working at the office in Vancouver, right? What exactly is he doing to earn this? What did he achieve the past year for the $1.5M? More bs "consulting". This is a lot of money to pay to a part time empoyee with no clearly defined job objectives. Yet, the company will ask the shareholders to dilute their holdings by 30% to pay for this and other lavish salaries in the coming year.
No one has any idea who your are or for that matter anyone here. Just because you claim you've known her for 15 years doesn't mean it is true. How do we verify that? What are facts is this company was at one time employing 20 paid promotional firms and they were infesting all the forums during the pump and dump.
New 8K shows that Scot Kelly earned $967K, Cyrus Arman $1.5M, and Antonio Migliarese $1.7M in total comp in 2023. Management still living large and feeding at the trough while shareholders suffer! LAUGHING
Comp table
On September 19, 2023, Cytodyn received notice from the Company’s current accounting firm "MGO” informing the Company that MGO declined to stand for re-election as the Company’s fiscal year 2024 registered public accounting firm:
Accountant says goodbye
Yeah so many financial advisors manage penny stocks for their clients.
It was literally their job to "push back"! Why the heck were they being paid millions if not to "push back" against the FDA?!