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We had professional ceos. Tony C was an ex Gilead executive and was to bring that relationship to reality. What did we get? A lost 2017. Dr Pestell was also touted as a new leadership face to the company, many here speculating he would replace Nader. What did we get? A lost 1st half of 2019. I’m not saying Nader is the best ceo, but more has happened under his watch than what Progenics, Tony or Pestell could come close to.
Dovato can cause serious, life-threatening side effects. These include allergic reactions, liver problems, and a buildup of lactic acid in the blood (lactic acidosis).
Contact your health care provider right away if you develop a rash while taking Dovato. Stop taking Dovato and get medical help right away if you develop a rash with any of the following symptoms of a serious allergic reaction (hypersensitivity reaction):
Fever
General feeling of illness
Tiredness
Muscle or joint aches
Blisters or sores in your mouth
Blisters or peeling of your skin
Redness or swelling of your eyes
Swelling of your mouth, face, lips, or tongue
Trouble breathing
Some people taking Dovato have had serious liver problems. People with a history of hepatitis B virus infection (HBV) or hepatitis C virus infection (HCV) may have an increased risk of developing new or worsening liver problems while taking Dovato. Liver problems have also occurred in people taking Dovato who have no history of liver disease. Liver function tests may be done before and during treatment with Dovato.
Contact your health care provider right away if you have any of the following symptoms that could be signs of liver problems:
Yellowing of your skin or the whites of your eyes (jaundice)
Dark-colored urine
Light-colored bowel movements
Nausea or vomiting
Loss of appetite
Pain, aching, or tenderness on the right side of your stomach
If you have both HIV and HBV infection and take Dovato, your HBV infection may get much worse (flare up) if you stop taking Dovato. Do not stop taking Dovato without first talking to your health care provider.
Contact your health care provider right away if you have any of the following symptoms that could be signs of lactic acidosis:
Feeling very weak or tired
Unusual muscle pain
Trouble breathing
Stomach pain with nausea and vomiting
Feeling cold, especially in your arms and legs
Feeling dizzy or light-headed
Fast or irregular heartbeat
While taking Dovato, it is important to keep all of your appointments with your health care provider.
Thanks, that helps. It is still difficult to understand why so much effort is put into controlling this sp.
Can you explain in laymen’s terms what you are talking about? I really am having a hard time understanding what the note holders motivations are for lowering/controlling the sp.
The problem is you don’t take anything personally. Many here aggressively discredit you long winded posts for a reason. You extrapolate information into your groups game plan of making money off a few cents of stock price movement and have no interest in the big picture.
Imagine there is a world of really sick people and a tiny company buys a drug that could help them. for very little money because the seller isn’t doing anything with it. Imagine that small company pulls money they don’t have, experience they don’t have and navigate the difficult approval process to get that drug to market. Imagine if that drug can help even more sick people than originally thought. That is what is happening. It is what humans on this earth should always be doing, solving problems.
What is your role in this? To put out manipulative posts on every board possible to drive the sp lower or higher for your groups gain?
You have to understand that many here invest there hard earned money in a very risky biotech not just for financial gain, it is because they see how much better the world is when disease is treated better.
Very insightful, I never would have thought if there is no product then competition will win the market share. Thanks
You live for the day that Nader gets fired? I invest in companies to make money and that have a beneficial product or service.
I would not consider anyone a visionary when they sue the company they own 22 million shares of. Shooting self on foot seems more appropriate as a description. I don't think he will be involved with Cytodyn, except to cost investors money and time.
The cc is on the 12th
Exactly! Dr. Pestell was in charge of the oncology period. He was put there at his request and based on his life's work. He decides the process and is responsible for any problems and solutions. Nader gets his info about the status from Dr Pestell. We could tell from the CC when Nader stated he is going to have a plan for solving the delays in the TNBC trial that he was frustrated. I think this was because he found out Dr Pestell was not being truthful about the status an was not doing anything to get it solved. It was not Nader's job to keep Dr Pestell on track, That was DR. Pestell's job. Given Dr Pestell's resume, there is no reason to question what he reports, until it is obvious he was not being truthful. As for Dr. Pestell's claim that funding was pulled, This trial is cheap, only a dozen patients. There was no reasonable excuse, Dr Pestell dropped the ball and wasted a lot of time for all of us.
So, your peers and you are all over posting a coordinated manipulative agenda, why? What do you gain from this? It has been asked many times, you claim to not own any stock, so what is the point of this aggressive campaign? You do understand that the only conclusion is that you and your peers are paid to spread influence in an attempt to steer stock price, or you and your peers are shorting and/or flipping at others expense. I don’t think anyone believes you are just an enthusiast who enjoys posting about biotech.
I agree
I think Nader's plan to raise funds or negotiate deals from a higher SP is fairly obvious to be the better path. If we need $15 million, raising at a higher SP under any terms means less impact on the value of the company. Holding off until the BLA and cancer results to do major deals just makes sense. I also don't think this plan will scare away new investors of any size because the huge cost has been spent already, we are looking at the fruits of this very soon. Investors are not looking at 100s of millions of development trial costs anymore. The events coming up can trigger huge SP moves up because the weight of development costs and long timelines has past. The tone I got was that the most expensive future trial is the mono trial and my impression was that we might not be paying for this, a partnership will be formed prior to it.
On top of that, the revenue from the approved combo will very closely pay for the 6 years and $180 million cost to develop it in a few months. The combo approval also makes all other indications cheap and quick because of the safety data we now have. The plan from years ago is finally showing the benefits from the sacrifice. What was holding this stock back is evaporating. The # of share holders currently is a drop in the bucket. The near future news will bring many time the number of new investors of all levels. Mgmt has said recently, they have the paperwork ready to up list organically when they meet the requirements ASAP. This is the plan in action.
The disclaimers have been in every statement since the IPO - nothing new. I guess if debbie downers need to fish for negatives and this is the best they can do there really must be very little to worry about.
Why would you think the balance sheet looks good? This is a pre-revenue biotech. Not sure if you are aware that bankruptcy risk and terrible financials are kind of the rule for small biotechs. I'm sure for all other biotechs it is a simple is make a few phone calls and everything moves easily including multi billion buyouts, all because they don't have Nader as CEO. I have a feeling there is a little more to the process than that.
Read your own posts and then decide who is projecting.
So it must be Nader himself creating a profile here because it says something nice about Nader? Is that the only possible explanation because why would anyone doubt your opinion about Nader? Is it possible that just because others (not just me) might be optimistic and have the ability to place value in what has been accomplished, even if it is in part due to Nader's hard work? Unless everyone agrees with you, they are wrong, correct?
BTW, I have been with this company from the IPO in 2006, own many times your share count and have never sold a share. As much as you want to explain how the world works to me I think you should understand it is my money, my decision and I have no regrets. Before Nader, this was a nothing bankrupt company. I am sure Nader should have made other decisions and could have steered better but when raising $200 million with no assets or revenue for a product nobody else wanted, you can't be picky. You want to trash talk now? months away from the goal after years of sacrifice?
As for nobody caring what is written on a BB, why do you dedicate the effort to explain everything in your world to all of us idiots? Are trying to be king of the idiots? Having a negative opinion is one thing, insulting everyone who disagrees with you because they must never question your intellect is childish.
Hey, I have a great idea - let's insult everyone! That way anyone who is interested in this stock can get a good feel for how helpful other investors are. Nice work Grip - hope your proud of yourself.
I hope you understand my response was towards Grip, not you. There is and will be competition for this drug and that will hopefully always be the case - it promotes finding the best treatments for very sick people.
You could sell your cydy stock and buy Gsk if you feel strongly that their drug is better and has better stock appreciation potential. You pointing out that gsk is a well funded company and cydy is not is a little caption obvious. I think everyone here is very aware if the difference between this company and a BP company. It is getting tired reading your rants that are only to insult other posters and try and make yourself into the smartest guy in the room.
I was thinking the same thing, a couple cc’s ago they were asked if uplisting was still part of the plan and they said they have everything ready to go as soon as they meet the requirements. They have been very clear that they will not do a RS to uplist and Nader’s opinion of a $2-3, or $10 sp as a result of BLA and the better funding options suggests uplisting.
Dolts? Your entire trading method revolves around looking back at the past few years and declaring yourself a genius trader for seeing the past. I am sure your eyes are rolling but 20-20 hindsight is not that reliable. The moment things change you will have no point of reference. I am completely good with not know when or how much this stock will move because I invested in the science and the fact that there are way too many smart people involved with this, it is not all about Nader. If you insist on insulting everyone that does not share your attitude you will be spouting off in an empty room.
Posts #44192 - 44197 are a list of accomplishments. These posts were in response to you asking the same question back then and either you have no interest in reading any responses that might poke a hole in your grumpy outlook or you forgot we already covered it.
What did they get for the 27 million shares? You really don't know? DD would clearly show the terms of the Prostegene acquisition. You can read that and see that we paid pennies for dollars of value. It was more than just Dr Pestell. We have many cancer indications, A prognostic test and patents protecting the use of CCR5 inhibitors to fight cancer.
great post! Over the years I've been in this I, like most, try to predict what future developments will really push this higher. It is funny how predictions based on sound logic really don't actually work out the way you think they will. As much as we can look at what events lie ahead, there have been many accomplishments that have done nothing, the SP has dropped many times after the news even. I think the strongest reason for buy and hold is that what really makes this stock move is something know one predicts and not when we think it will happen. Buy and hold seems lazy and without active thought, but it is also important to realize that we really don't know the future and trying to extrapolate the future from past metrics is largely futile with a binary event.
The NASH and colon cancer studies seem to be further along Than thought and results might be soon.
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just a FYI, the CC is in 40 min, not 1.5 hrs.
Here is the problem, If RP did something enough to get fired for cause, and this violated his employment agreement, then they are compelled to take the shares back at $.01. If the board does not take the shares back then what ever RP did would not be as "for cause" as needed to fire him. As a share holder I would not want RP getting 8 million shares for working 6-7 months and then getting fired. He already got shares for his ownership portion of Protegene, so why let him keep the other shares? I don't think it is right for the board to just decide to let it slide to avoid a lawsuit without further explanation for why he was fired. Did he just pull a paycheck, grabbed 8 million shares and sat around doing nothing?
I think it is also safe to assume that given his huge number of shares that he would not want to jeopardize the future of the company with a lawsuit. It would be a colossal shooting his own foot. The reason i jump all over Fine is because i hate the idea that some potential investor reads her posts and gets the impression there are questionable issues with this company when they are mere fiction.
As for your opinion of Nader, As much as it is easy to criticize missed timelines, where was this company before Nader? I was there - it was dead in the water. If you really think he is a huge failure then how did this company get to being on the verge of FDA approval? Name one person who has been there the whole time through this process.
It is clear - I am just pointing it out with the hope that Fine might realize her effort is a wast of time.
It is very likely there are strong personalities with differing opinions on how to proceed. Tony ran one CC in mid 2017 and after that we heard absolutely nothing for a year. There were no other CC’s or PR’s in that time, until Nader was back in charge. We don’t know why or if there was a good reason for it but there seemed to be a loss of progress. I don’t know how much was or was not accomplished by Tony but the contrast to how Nader is pushing forward is noticeable. Nader certainly is overly optimistic but the slow and steady approach was not good either.
That is a strong possibility, could be the limited resources and were to direct them was a big part of the friction. I’m sure the bod and Nader are pushing for BLA and mono, dr Pestell wanting more funds for cancer? The whole internal disagreement over the TO is interesting, why would anyone have a problem with warrants being excersized?
Hard to imagine anyone having a more productive 9 months. What the hell have I been doing for the past 9 months?
Samsung deal, Incell test, raised $12 million through warrant excersized, completed safety data for 525 and 700mg dosing. I might be missing some other accomplishments.
I think you pointed out the sequence of events and facts, you just need to put them together to get to a logical explanation. The merger with Prostegene happened and the IND for the cancer trial got done very fast, Dr Pestell was shocked how fast. Dr Pestell was in charge of the cancer indication, not Nader. Being such a reputable Dr, I doubt Nader had any reason to question the status or progress of the cancer trials. The occupancy test was a delay all by itself so stating the trial was delayed for 6+ months with no reason is not true. We all knew the trial was going to be done right, even if it was to be delayed to b done right. In the proactive interview Nader took full responsibility and was going to get to the bottom of why the trial has not started. At that point he must have been asking many sources to see what the situation is and likely found that Dr Pestell was the problem in some way. Upon his firing, the trial is now back on track and the people involved directly are still involved.
We can all theorize why and if Dr Pestell held things up but he was in charge of the cancer trials and they were not getting done. Nader took action, even though it meant firing the dr that was touted as a stellar addition tot he company months earlier. That tells me that Nader is the one to back, he is committed to this company and product 100%
That is true, but there are many other consistencies over the past year that have nothing to do with Nader. for example, The difficulty of getting a drug through FDA approved trials and their process. Nader did not create that hurdle, every small biotech deals with it. Cytodyn is a pre-revenue company with one product. There is nothing easy about the development and Nader could do everything perfect and it would still be a steep battle.
here you go Fine:
In United States business law, a forward-looking statement or safe harbor statement is a statement that cannot sustain itself as merely a historical fact. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. These statements can often be misleading, as they can be mistaken for factual statements, while they are actually speculation. According to United States Code 15 Section 78u-5, a forward-looking statement may include future economic performance such as revenues or income, plans for future operations, or use of a report written by an outside reviewer.[1]
your right, I'm not going to suggest anything negative about Tony, I just wanted to remind the sequence of events. Trying to create a sense that Nader is difficult to deal with and there is some large turnover rate at the HQ is not been shown true at all.
Based on one person, Tony? We don't know the details of why Tony appeared to be the CEO at one point and why he then went to being a silent part of the board. It seemed to be he was to build a relationship with Gilead because he spent a big part of his career there. The relationship never really developed and it could be Tony failed to deliver. The one CC he ran certainly did not give the impression of a driven and enthusiastic leader. I'm sure he is a great guy and does own a lot of shares but I think many here forget the total radio silence of that year under his leadership.
Just to add a little background as to why It is very possible a Dr. would allow an off-label drug to be used. This is a unique situation, this drug has virtually no side effects and there are no existing HIV drugs that can claim that. It is much easier for a DR. to give this a try when they see that they could inject a non-HIV positive person including themselves with this drug and there would be no problems. I am not a DR. so take this for what it is worth, but If a DR. knew what this drug can do they would confidently give it a try.