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That is because any success right now under the current management moves the company away from failure and away from the grasp of opportunists.
Whether short or whether corporate raiders or their enablers and minions they need Cytodyn to fail, if not that, then they need to project failure.
Good old 13Dorks. They lambasted the Long haulers Phase 2 discovery as too small and a failure and put the blame on NP.
NOW, they want to succeed by riding NPs coat tails on that trial while they cut him out.
Their supposed plan looks exactly like NPs plan with 1 exception.
Earlier revenue possibility from a Covid EUA.
Their plan puts revenue out 11/2 years at the earliest.
This puts the company and shareholders in a spot where they want them, at the true cusp of bankruptcy and willing to accept whatever crappy deal mitigates losses.
While they themselves reap the benefits.
Jmo
While I don't want to take a loss on my shares, I'm in a wait and see mode. You can count my shares into the group.
I own 8,000 shares.
Bill
I think they counted what already came in and their egos will not allow them to let those numbers be their final tally.
Most likely they voted for themselves and not many others.
Possible that they could not even do that. Their members who were lending out to shorts or shorting may have been stuck in the settlement window and not able to pay back borrowed shares in time.
Jmo
The new PR put out by the 13D appears to be desperately wanting shareholders to vote their " proxy cards "asap.
Maybe attempting to circumvent the discovery process by trying to show shareholder are in favor of them so that they can continue their "dirty schemes ".
They have supposedly been " communicating" with the FDA , would love to know who that person at the FDA is. Most likely the letter writer that killed the Philippines deal. Tanked our stock price.
13D very afraid of the Brazil Trial results. Heck, very afraid of the trial starting . The main reason being that a good trial outcome could bring in early EUA revenue and that would be bad for their plan.
They need Cytodyn to be weak , almost broke to take over, then dilute massively to be able to boot existing shareholders.
This group likes their secret , behind the scenes activity way too much. They may want to take it over, then take it private before monetizing it so that they don't have to report any of it to the SEC.
Jmo
The idea is not to want the BLA submitted quicker or even on time.
The goal should be to get it submitted properly and having a CMC specialist to guide that aspect is key.
Once submitted there is a lag for FDA acceptance of the BLA, usually a few months. Then they will issue a PDUFA date 6 to 8 months down the road. A failure there gets you another year before getting another shot at it. That's 1 and 1/2 years to 2 years blown.
Hiring this guy to go over the CMC is a good solid move to get it right.
A lot of the CRLs issued by the FDA lately have been aimed at the CMC sections so having an industry veteran at this is a smart move by NP.
Jmo
When a C-Suite executive is hired by most companies
1. They will have to sign an NDA
2. They will have a separation package defined.
They got paid because of the package.
They don't talk because of the NDA. If they signed one and then sing, they can be sued successfully.
Jmo
It's possible but they have 155 million raised for commercialization.
Shouldn't affect them too badly.
I have thought about that possibility.
They would have to first get control of the BOD.
Then prop up the price to sell the 13D holdings at a profit. They wont need them anymore and will want to get out before they crush the stock price.
Next step is to dilute like crazy and flub the BLA to get a CRL which would drop the price. Short like crazy to drop the price further and dilute more to raise cash for operations and keep dropping the price.
Once the price is at the lowest levels they can get it to ( this is where they want to pay out the retail to get rid of them), reverse split at very high ratio such as 1 sh for 1 million sh. They could then get rid of any shareholders that own less than 1,000,000 shares because due to the RS they would only own a fractional share.
This will drop the number of shareholders because anybody with less than 1,000,000 shares would get paid out at the lowest price where they stopped trading. Once the shareholder numbers are less than 300 they can take it private with no vote.
They can then institute a forward split to normalize the share counts and only sell shares as a private company to those that they want to benefit, such as the original 13D. This would be done after they fix the flub on the BLA and work to get the approval.
Then get an approval and sell to BP for a profit for themselves only.
I was invested in a company where this was done to kill the retail and yes the perpetrator was the company's largest shareholder. It was not a Biotech but a battery tech company. I am sure he has found a way to pay himself back.
jmo
Bill
Europe got taken out of the picture as Sesen withdrew it's Marketing Application due to its reliance on FDA approval.
This is dead money for a good long while.
Jmo
What was done was the whole phrase "and not the treatment of" was used to replace the proper translation
Several spaces were deleted to make this fit.
Very poor job.
Jmo
If you see NP and Scott Kelly come out in the next PR's or Proactive Video touting Cancer results it will be because Brazil is done and not moving forward.
Jmo
That's not really an option.
Total sarcasm aside, we are not going to ever get an honest plan from the 13D unless they win the votes and get their directors in place
At that point the truth will come out and it will be because the 13D will be able to enact whatever plan they want. It will be too late for shareholders to do anything about their "plan".
Jmo
You forgot to say Articulate.
Based on Science , uhhh somewhere.
Profound . And yet bubbly in a way that words cannot describe.
HYSR which used to be Hypersolar and changed their name to Sun Hydrogen is a pink sheet stock.
I don't know if you saw the E-Trade notification last week on pink sheets, gray market and a few others will be restricted from trading. They are allowing limited trading for a while to allow people to sell but will restrict buying.
If other trading platforms follow this could severely affect trading in HYSR.
In my opinion, this may force them to RS or at the very least move to the OTC QB and have to start filing Quarterly and Annually
I don't see those rules as bad, it should lessen people getting scammed.
As for the technical side of that equation I don't know if they will be successful at producing hydrogen at scale economically.
Jmo
The Hydrogen on Demand pellets have been on the videos for almost two years.
So maybe they had the patent application in process when he left and now he will be working with a company that builds electrolyzers.
D'Couto is gifted at running off technical talent.
I just bought warrants and stock in HYZON Motors. Hyzon just merged with a SPAC to go public and are shipping their first Hydrogen Trucks.
They are teaming with Chevron and a few others in investing in Raven SR which will build Hydrogen Hubs initially in California and then worldwide.
Seems to me that the Hydrogen on Demand units would be a good addition to long haul trucks as a "just in case" they run out of fuel.
A better idea might be to build large units that are mobile and can refill a truck that has been stranded. Like say a trucking company has a few of these to service their fleet.
Are you implying that no one owns shares of InCellDx because it's private ?
Or are you just making a factual statement about InCellDx that has nothing to do with how shareholders of InCellDx are affected by the 13D are currently blocked ?
Ha ha, the last laugh is on those who bought InCellDx shares anticipating a big premium .
The fact that the company instead of being a rabbit for them to shoot at with impunity, showed itself to be able to fight fire with fire.
They expected Nader to be Nader and take the years long FUD and just work and let them have their way with Cytodyn.
Evidently by suing them , then bringing their garbage into the light to become a matter of record is distasteful to them
Truly megalomaniacs.
Jmo
You are correct, they are not.
Because they have been outed and continue to be outed.
The 13D will not be doing any of the things that they intended.
Seems like the company is now fighting fire with fire and the 13D doesn't like it one bit, some have even called it sick.
And yet after more than a year of 10 times worse, shareholder were supposed to eat up everything the 13D regurgitated.
Jmo
To me, it appears they were the personal assistant and the other person from the original contract who were supposed to get stock for amount of capital raised.
Seems like an incentive clause in his early contracts that was made by a company desperate for funding.
Once he showed success at money raising, seems like the company changed the contract and stiffed those original recipients.
Then there are those super serious $100 dollar felonies.
The first was a bounced check for 100 dollars .
The second for an email, which earned him a $100 fine. I have had higher speeding tickets back in the 1980s.
Jmo
I am saying that I suspect that is what they are attempting.
Not saying they will succeed.
The coordination of the latest 13D filing and big stock dump should be a red flag for the DOJ and SEC investigators.
Jmo
13D has no power and influence.
They can't even fill out simple forms.
Well actually I think they can, they just chose not to, in a very dishonest approach at getting what they wanted.
As has been proposed here they think manipulating the price down is wielding power and influence.
Sorry, they are showing themselves as the lowlifes willing to attempt to cripple a company to get control of it. I don't think they will succeed.
Too much slime in their delivery of "power and influence'
Jmo
They coordinated a drop today to go along with their proxy paper.
While they are making it cheaper for us to acquire stock they really have another goal in mind.
They appear to be making it difficult for Cytodyn to raise cash. By taking the price down, Cytodyn management get less cash for the shares they have left to sell to raise money.
They are attempting to starve Cytodyn to accelerate what they perceive as near term bankruptcy. Talk about cutting off your nose to spite your face.
Jmo
Let's keep it very simple since the 13D claim over and over again that they are here for the success of Cytodyn proven by the fact that they are shareholders.
1. What positive thing has the 13D group done for Cytodyn and Cytodyn shareholders up till now ?
Currently I think that whoever bought the shares at .85 is pumping to sell those at a nice profit while taking advantage of a simultaneous short squeeze.
I agree this is dead money for a while.
This price pump will be a short term rise.
Jmo
I heard.
" Hopefully our BLA is back on track, thanks to Dr. Chris Recknor, who finally, we've got the right person to do the job, of getting this back on track. As we had it before with folks who were not able to do the job right, then it all falls on my shoulders. "
Yup, that guy is getting stock options with a nice low price.
Tom's gotta get his cronies paid when they sell SESN for much less than it's really worth.
The FDA is happy to help a BP pick up a promising drug to fight a very prevalent cancer.
Jmo
I agree that something here stinks badly.
Is this the revenge on the retail for voting against his Reverse Split ?
Is this an attempt to shake retail off and skew ownership to Institutional Holders ?
They took a year to complete the CMC with two manufacturers. Both are very high quality manufacturers.
Was this in relation to the technology transfer to Qilu and their manufacturing ?
Very many questions are raised.
My cost basis is at the same level or close to the average of the C-suites stock options, if I don't make money, they don't make money. So I am not worried in that respect, however it does mean a big delay unless of course they decide to sell the company at a fire sale.
Jmo
I also vote Pinata.
But use Morningstar not a stick.
Because it's the right thing to do.
Back in the Day, Tom and a bunch of his SESN C-Suite flubbed the Orexigen Trial which they were not footing the bill for.
When the FDA stopped the trial they knew they could not afford a redo and sold the company .
Maybe they will follow the same playbook, maybe the errors were allowed to have this sold off for a lower price.
How do you convince shareholders to agree to a buyout ?
Answer: Make it look like the best option.
Jmo
Here is what doesn't pass my smell test on SESN CEO's comments
From the late stage meeting they stated that the FDA had identified issues.
The CRL had the same stated issues.
Did the company ignore what was conveyed to them ?
It's in your definition.
So that we can be susceptible to another stop loss raid before approval ?
No chance buddy, no stop losses set.
Ruh ROH shorties !
How are you liking that chart now ?
If I wanted to pump I would talk about the potential revenues worldwide.
NMIBC is one of the most prevalent cancers today , in the world
This will be able to be treated by Urologists, at their office , avoiding resection.
Did I mention most likely over 100,000 dollars per year per patient ?
Did I mention this has the potential to become first line therapy replacing BCG which has other uses and is always in a shortage ?
Did I mention their new imaging technology which will enable super accurate cancer tumor identification to enable complete cancer resection in other cancers ?
Did I mention their IL6 suppressor that was licensed out and has high milestone revenue potential
Have I mentioned head and Neck cancer trial ?
It goes on and on ..
Jmo
How can I panic when I'm up from a $1 average ?
I'm not in this for a profit of hundreds or thousands.
I'm in this for profits in the millions.
Have a great day !
You should join them and short more.
When the approval comes in a week you shorts will be rocket fuel.
I didn't pump anything, I just said your attempt to create FUD was a pathetic one.
In other words, your not a very good short.
What you are observing and trying to cash in on is the big boys wanting to get in and scare the retail out.
Unfortunately for the institutions, they waited too long.
The good thing for long holders is that we are literally in for a buck or less.
Jmo
Please short the heck out of this.
The kindergarten style of FUD your are attempting is funny to watch.
I sincerely hope you shorted right under 4.
I have been buying at these levels.