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No doubt. Welch “ got his $$ “ also.
Indeed. The common thread is Nader’s comments were alway misleading or flat out lies. Transparency to some. LMAO at that nonsense.
People love watching a good train wreck. A good train wreck has nothing on CYDY… and here we get to scream about it and assign Blame and predict the future. Isn’t it great?!?
How were any of Nader’s “ bonus comp” shares ever justified, let alone with the SECOND FDA REBUKE! Maybe Sidley can help claw back some $ from Naders accounts.
Nope. The first response for the RTF from Nader was “:it was due to a syringe “ and simple quick fix.
Ha.Ha. Ha. The simplest explanation is always a conspiracy? Yeah sure. No cydy conspiracy.
Cytodyn earned an RTF for filing an incomplete BLA…on purpose.
The only thing on the table are Naders hands and they are cuffed to a bar in an FBI “ interview room. LMAO.
The last thing this dumpster fire needed was a negative catalyst. Particularly coming from the body that will review the resubmitted HIV BLA, if they ever happens.
Think the FDA will heavily scrutinize the BLA after the former CEO wasted their time with the sham BLA originally tendered?
Now the second rebuke for CoVID. This is toast…last nail in the coffin stuff.
Oh watch out…here v come the conspiracy theories. LMAO.
Hey, where is that 70’s “sage” that said never sell a share of this stock…don’t hear from him any more.
Cytodyn cannot be quiet now. They will have to officially rebuke Nader’s misleading statements about safety and efficacy for COVID use IN VERY PUBLIC FORUMS.
CYDY has zero leverage for a deal. In fact their IP is “ encumbered “. The last funding was at $.30 and $.40 and the SP closed below $.50 today on the second FDA rebuke. Things could not be much worse and their is no reason to o “partner up” with the shxt show left by Nader.
Despite his absence, the ghost of Nader will forever live on in Naive Retail and Cydy. Constant spin and lies regarding parsed data from trials, disastrous financial condition and current SEC and DOJ investigations. Credit to the new COB for making a gallant effort, but with the recent FDA rebuke, Nader’s enabler, Kelly must also go… now. Laughing at partnership nonsense. LL is pledged to Welch to secure Bond.
THERE. IS. NO. PARTNERSHIP.LOOMING.
Nope “It is not covered” Cydy will have to issue a Pro Active Video countering the lies spewed by Nader about LL and COVID.
One man, two FDA rebukes. Could be a Winter Olympics Record. Just one question remains…Can Nader be fired TWICE?
Agreed. Spoke to an ex CEO buddy about Cydy… he laughed and said no thanks. Not even interested in the BOD.
And yet, per the MOST RECENT FDA REBUKE, NADER IS STILL HAUNTING THE COMPANY, by his nefarious lying deeds.
Yes. Why would the DOJ potentially “ take actions against the company “ if investigations into CYDY to reveal actions to be taken, by DOJ, are not under way?
Nader’s nefarious actions still haunting Cytodyn. Yeah, companies clearly lining up to by this dumpster fire of lies and misrepresentations.
Company will now have to do a paid ad to correct Nader’s prior assertions. Embarrassing to say the least.
Great analogy of Naders nefarious activity. A criminal doing criminal things…it’s in his nature and history proves it.
It is completely beyond reason that anyone can accept, let alone excuse, the fact that Nader PURPOSELY AND KNOWINGLY SUBMITTED an incomplete BLA. While other companies have received an RTF, RTFS are not common. This ground has been covered before and a little research shows the cost to the filing company is hundreds of millions of dollars in opportunity costs ( assuming approvals are ultimately achieved, which is a 50/50 proposition). I would bet a large sum Nader is the first idiot in the history of the FDA and BLA’s of an executive purposely setting his company up for such a catastrophic failure. For the sake of pumping the short term stock price ( and over $ 15m of illicit insider profits) idiot Nader mortgaged the future of Cydy, which is coming due now. That the company pledged the IP plus shares and warrants for a $6.5m security tells everything one needs to know about Cydy. Bleak picture. The only positive is that Welch, a former insider, sees some value in LL and the company gets to struggle on for another few weeks.
Time is not on the side of Cydy. Time is the enemy of every pre revenue company, particularly one that can only yield $.30 to $.40 per share for any significant block sale. Based on the deal with Welch and others since the 200m shares were authorized, there are barely enough shares to cover the $35 million due to Amarex.
If One send an email to one’s accountant telling him to submit the tax return knowingly missing relevant information in estimating taxes, subject and accountant will be in deep shxt. If it’s a big amount of taxes shorted Uncle Sam one could share a cell with Nader and accountant. Quite frankly, I think Amarex is as culpable as Nader in the chocolate mess with the BLA.
Don’t see how KNOWINGLY incomplete Cydy HIV BLA can be “ True and Accurate “. They are mutually exclusive terms. Criminal Nader just naturally doing criminal things…it’s in his nature.
Laughing. Welch is not adversely impacted by Cydy’s demise, by SEC and DOJ investigations. He winds up with LL in that case.. Welch wins, no matter what. Good deal for him. Only deal for a desperate company. The only message is that Welch sees value in LL.
The deal with Welch is a Hail Mary and it’s under Booth Review. Cytodyn is “all in” on this play. They had no other choice to avoid BK. anyone not seeing that is pretty naive. Not saying it was the wrong move, because it was the only move. Another loan shark type deal for a company clearly out of ammo. It’s possible it works, but long odds. Shareholders are cooked if Cydy cant pay the bond when required.
This is not a partnership; there are no partnerships. This is akin to a “ Land Grab”. Ironically the financial situation is so bad this deal is good news. Nader left quite the financial pickle! Meenimal dilution and all and squandered $300 million over the past 3 years.
How is the enabler Kelly still there? The stink of this deal is squarely on him.
It’s not worthless, but the price for LL has been established. $6.5 million less 15 million shares. That’s it… the current price of LL per deal with Welch. Very simple and straightforward.
Cytodyn just sold bulk shares for $.30 and $.40 per share and pledged the IP for LL plus 15 m shares and 15m warrants for a $6.5 m bond. What on earth could make someone think this dumpster fire is with $3B????
Welch is potentially on the hook for the $6.5million bond.
Typical one step forward two steps back for Cydy. They get the bond posted to get Amarex data and sell substantially discounted shares and pledge the farm to do it. One hiccup and it’s over. That is reality
The Welch deal is being looked at all wrong. IF LL has substantial value as many think, Welch’s best hope is that the company fails and he winds up with the rights, absent all of Cydy baggage and SEC and DOJ investigations.
This was not a good play for Cydy, but it was their only play to avoid BK.
It is a great play for Welch and could be the end of the line for shareholders. Running out of 200 million shares pretty quick at $.30 and $.40 per share.
Laughing..Welch didn’t invest in Cydy. He now is CYDY. If the company defaults he gets LL patents. This is a loan shark type deal, which is the only deal a company on the brink of BK can get. The deal Welch did speaks volumes on a number of fronts.
1. Welch the former director and insider believes in the drug LL.
2. The company is absolutely desperate and in dire straights to pledge the patents for $6.5millio. There is Nothing more desperate than pledging your “ Golden Goose”. This gives strong validities the fact that Cydy is one step ahead of BK. Hopefully the Amarex data changes that.
What will be done with Samsung…???
One wildfire at a time I guess.
Lol or he is JUST TAKING LL.
I wouldn’t call someone who has collateralized ALL of Cydy’s patents/ value over
a $6.5 million pledge a benefactor.
THAT BEING SAID, THE BOD is doing the best they can with the dumpster fire left behind by Nader.
Another step forward , but also a very telling sign of the company’s dire straits. Puts all the buyout and partnership dreams to bed at least for now.
Also pegged the price for LL… $6.5M.
Welch is at least familiar with the possibilities of LL and it is a sliver of hope that something can be salvaged from this wreck. Long precarious road ahead. Or a short one if they default.
What do they do with Samsung???
No one on “this board”.
HUh? What conspiracy theories? Did MSA transfer all obligations for BLA to CRO. I heard no. If you have different info show it.
Was Welch a former BOD member?
Yep. Coming soon…EMERGENCY SHAREHOLDERS MEETING TO AUTHORIZE 200 million more shares.
Cytodyn pledged LL patents for the bond, if they default its over.
According to the information recently posted by another, transfer of responsibility is a proactive process and would be addressed in the MSA. I was told Nader signed the BLA submission. Draw your own conclusions.
We will find out soon enough. The 10q specifically states subpoenas were received and officers were questioned regarding “statements made”. Specific indications were mentioned in the last filings. It’s ridiculous to try and spin there is no investigations by SEC and DOJ. As of now there have been no charges and that does not not mean no investigations. The Feds are notoriously slow, methodical and thorough, which explains the high conviction rate if they indict.
Cytodyn must in writing specifically transfer responsibilities to AMAREX. All, elements NOT specifically transferred remain the Provence of CYDY, the sponsor. I was told Nader had to sign the BLA. Draw appropriate conclusions…I have.
Dead on Grip. Nader ordered the submission even if it was incomplete, while publicizing it was “DONE”. Big fraud on shareholders, then he dumped 4.2 million shares a few days later …as did Kelly(1.2million shares).
Nope. CRO is an agent of the company. Amarex will have some culpability but Cydy is ultimately responsible. I also heard that Nader had to sign the HIV BLA submission on behalf of Cydy.