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Well the bones are already picked clean on CYDY. I don’t disagree that the Pestell acquisition was senseless, but I don’t see a dismissal with cause. I also know some of the actual story regarding Naders actions against Pestell and why…first hand accounts.
“ Patience Grasshopper “. Investigations under way into Cydy and Nader. Feds take their time. If they indict, the 3x felon will plead out. He is toast due to the prior felonies and Feds stellar conviction rates.
I was a shareholder, but was not paying much attention during the Pestell months. I don’t know if he was good or bad, but I DO know he would not capitulate to Naders bullying and kept him from self enrichment, while he was there. He really was not there long enough to get traction. So there is that.
As soon as Pestell stood up to Nader … he was effectively neutered at the company and could not interact with employees. If you haven’t read the lawsuit…try it. The facts were personally confirmed to me as stated by a third party who had personal knowledge of events at that time.
Kelly HAD A FIDUCIARY DUTY TO PROTECT SHAREHOLDERS FROM NADERS SHENANIGANS AND HE DIDN’t. He not only should have spoke against it …he had a DUTY TO STOP NADER.
Kelly should be in jail right beside Nader.
So the cancer doctor doesn’t know the protocol for patient safety but the mechanical engineer does? The guy ( NP) that Dr. Jay L said presided over the most incompetent organization he has ever seen? All credibility lost by blind devotion to the 2X felon and DREAMCATCHER.
My intel also suggests that Pestell was keeping the lid on Naders comp being the vice chairman. Nader and Nadenoff orchestrated a coup to oust him costing us tens of millions between a botched acquisition and firing. Not to mention the launch of Nader and Kelly’s subsequent self enrichment schemes which although litigated and lost, the BOD replaced Naders comp time and time again, costing tens of more millions so we could keep a 2 x felon who went on to sabotage Cydy’s HIV BLA.
Nope. It says to paraphrase, that the presence of the subpoenas do not in and of themselves indicate guilt. Likewise, there is no indication of innocence or lack of guilt.
That is why info is being subpoenaed and investigations are being made into the actions of the company and its officers. To see if any violations or crimes were committed.
The facts suggest Nader and Kelly are guilty of stock fraud/manipulation and insider trading.
The Pestell dismissal and subsequent lawsuits show a clear picture into the nefarious and devious mind of NP. How can anyone be surprised at this behavior from a 2X felon and DREAMCATCHER. The sabotage of the HIV BLA is a cherry on the top of a narcissistic CEO exercising complete control over a company, despite his incompetence for anything except self enrichment.
Nader knew what to do to line is own pockets. Get rid of the medical guys and give Kelly millions to co opt the BOD.
He sure as shit couldn’t run a trial or trial submission and certainly not a company.
We are insolvent that is for sure with more debt than assets and I am not talking about debt already paid with stock. Cytodyn has current obligations that exceed all cash that can be raised by selling all available stock. Is this fact disputed??
7 million more shares were just taken out of the pool of available shares to raise operating capital, for the Pestell settlement. Where will the money come from to pay Samsung and Fife?
I have put math to it to prove the financial argument for BK at some point soon. The recent raises discounted counted the raise to a maxim 72% of market price, plus .75 warrants.
Let’s see the math that says Cydy can make to next year. There needs to be an outside capital infusion, but how is that case made. There are no trials or catalysts on the horizon.
Ridiculous! Of course the playing field is not level with a big pharma and small biotech. The large corps have PHd’s, crack medical personnel and gangs of scientists, all in house. And…
Idiot Nader was too dumb to even have a CMO who could effectively communicate with the FDA and also hired a substandard CRO. SMA.
All self inflicted wounds…always.
The advantage for a small company is to be nimble but Nader was just plan numbskull. Totally arrogant and tone deaf as to how to influence the FDA positively.
He also said Nader refused to consider a does escalation study and subcutaneous delivery. let’s face it Nader is a arrogant idiot and did not know what to do. He tried to end run the FDA on HIV Mono therapy and lost any meager credibility this company had. The failed dosing is 100% on Nader.
The most important part of DR LL’s presentation and 1st thing he said was that Nader , et al , were the most incompetent management team he had ever encountered.
QUITE AN INDICTMENT ( But more indictments to come by the Feds).
Think the FDA may have had similar thoughts and were afraid to take a chance on idiot Nader???
He also said Nader refused to consider a does escalation study and subcutaneous delivery. let’s face it Nader is a arrogant idiot and did not know what to do. He tried to end run the FDA on HIV Mono therapy and lost any meager credibility this company had. The failed dosing is 100% on Nader.
The most important part of DR LL’s presentation and 1st thing he said was that Nader , et al , were the most incompetent management team he had ever encountered.
QUITE AN INDICTMENT ( But more indictments to come by the Feds).
Think the FDA may have had similar thoughts and were afraid to take a chance on idiot Nader???
Now apologies and awards to Pestell of more options. There is no end to Naders negative impact. The company would have been much better off to have kept Pestell and jettison Nader. Now they are trying to play nice to the oncologist…imagine that. Cytodyn doing something that makes seen.
Nader could not Stand that Pestell had a backbone and would not let him interfere in trial protocols. We all saw what Nader’s hand in the pot did to CYDY trials…abject failure. Moreover Pestell would not allow Nader to run wild on his comp, so Pestell had to go. Cost to shareholders …tens of millions and wasted time with no cancer guy on a “cancer company’s” team.
Nope can’t make this stuff up.
No doubt and Here are the facts… WHATEVER the FDA says trumps whatever anyone else says, so it really doesn’t matter.
CYDY clearly did not know how to effectively communicate with the FDA.
Assuming the FDA was working against Cydy ( and I do not believe that for a minute) it was imperative that CYDY be “ dead on balls accurate “ with everything presented to FDA.
With Nader at the helm, there was zero chance of that happening and it NEVER DID.
Cytodyn failures are completely on Nader per Dr. L ( see BLA RTF and story behind it for additional reference)
No doubt. It’s amazing all the whistling past the graveyard regarding Cydy’s dire financial condition. Those 200m shares are going quickly with nothing to show for it. The disastrous decision for Kelly to fight for Nader last year is coming home to roost. Millions wasted and SP eroded as Naders blunders continued to kill the SP. Damn shame. How is Kelly still a member of the BOD?
Read the 8k. It says the company (CYDY) will work to have the PP sales registered for immediate sale.
Who’s an Ex investor in Cydy? Still own shares. I’m a realist who understands that Cydy is closer to BK than any success. Depending on the remaining shares available to sell there is way less money that can be raised than obligations that are past due. The company has been able to generate new funding at deep discounts. Not sure how long that can continue, but I see $15 to $20 million max, unless an R/S is done or more share authorized. With no catalysts, at some point the madness will stop.
Laughing…nothing is stopping a company from acquiring Cydy except reality that it is a financial dumpster fire and has a toxic relationship with FDA. Great selling points.
Cytodyn IS in dire financial condition. It says so in the company’s own SEC filings, which also acknowledge that there are material deficiencies in reporting the company’s financial condition. To not acknowledge that financial weakness reveals an embarrassing lack of financial acumen. A broken clock is right at least 2X a day…try to keep up. Not one correct call.
Good news. Pharma Bro released from jail early. Must be to work on building Cydy CoVID distribution channel. LMAO. So now they have 3 people .
I have heard 1st hand accounts of the FDA exasperation with Nader and HIV.
Big companies come with lots of phd’s and scientific personnel, which overwhelm the FDA with actual data. Guess what, they also know how to check all the requirements that are applicable. Definitely an imbedded advantage of a large company versus a small company and vice versa. It certainly doesn’t help if there was no CMO at Cydy and the CEO was an obtuse know-it-all with no medical or pharma background who had previously worn out his welcome with the FDA on the previous HIV interactions.
The argument made is refuted by own words. Since idiot Nader would not run a dose escalation trial, it was not known ( proven) for sure what would happen after 14 days, so DSMC had good data and no proof to change. Later we suspect that more dosing might help( still unproven), but then over 65 cohort added with no age stratification. This is all on poor decision making by the company to always take shortcuts. Naders choice of Amarex was in question by other insiders and Amarex, the low cost provider, has proven to be an abject disaster for Cydy, just like all Nader choices ( except for Naders own benefit). It is on the company to justify, not FDA.
Yep. It’s called rigorous focus on detail and understanding how a federal agency works. Find the boxes, check the boxes. Nader was a more color outside the lines guy and make it up as you go along. Antithetical to how one has to deal with a federal bureaucracy. No way was it appropriate for FDA to cave under the circumstances with a mechanical engineer at the helm and no CMO. Any credibility Cydy had was lost with HIV runaround with idiot Nader….confirmed by the way.
Make no mistake. Naders complete incompetence was revealed to FDA in their prior dealings with Nader on HIV. Cytodyn or any other company run by a simpleton would get the same treatment for an unproven drug.
Yeah and the US government is going to give money to a drug company run by a 2X felon, dream catcher and mechanical engineer, with no medical or pharma experience. LMAO.
Any ambivalence or even hostility directed at Cydy from FDA was well earned by the combination of Naders narcissism, incompetence and previous experience dealing with him on HIV.
Clearly no concept of how a bureaucracy like FDA operates. By the book period. Mr short cut did what he always did and screwed up the trial protocols ( see filing of short BLA).
Cytodyn failures are at the feet of Nader and Kelly.
Nope. It is not that simple. it’s FDA’s job to push back on unproven drugs and companies. Their concerns were well founded, particularly since they knew a complete idiot, with no medical training, ran CYDY and there was no CMO. DUH!
Run the dose escalation study to prove the case and get FDA to review the new info for safety. I have said this for years based on communication with other Pharma CEOS.
Listen to Dr. Jay. The enrollment standards were changed to admit over 65 cohort due to slow enrollment after the halfway point. DSMC is appointed by company. IT was a poor trial protocol not to account for the older cohort separately. SMH.
Dr. Jay made this clear as day, Cydy had no credibility because FDA knew Nader is a complete moron. They were giving Cydy no shortcuts or benefits of the doubt. PERIOD.
Nader would not do the necessary work, as in a dosing study or consider IV Adminstration of the drug, which were clearly mistakes according to Dr,. Jay.
Dr. J also Said
NADER WAS THE MOST INCOMPETENT LEADER HE HAD ENCOUNTERED AND HE WOULD NOT LISTEN AND WOULD NOT CONSIDER A SMALL DOSING SAFETY STUDY.
IF THE FDA has doubts about your drug…that is how you address the problem.
NOT RUN A STUDY, DOOMED TO FAIL BECAUSE IT IS UNDERPOWERED AND UNDER DOSED.
JUST PLAIN STUPID EFFORT ON NADER’s PART, AS USUAL.
All the facts point to SEC and DOJ investigations into the company and Nader.
No shelf registration SEC approval
Mention of investigations in SEC filings and potential financial implications
Several cases of unjust enrichment
Misleading investors SEC filings regarding the HIV BLA
Immediately selling shares after filing of incomplete BLA, pump that is was complete and $15 million profit for Nader and $5 M for Kelly.
False statements regarding trials that influenced SP and required two FDA rebukes to the point where CYDY had to completely scrub their corporate website of all prior announcements.
All facts.
No doubt investigations going on and expanding due to Naders long reign and fraudulent activity from self dealing, to insider trading to fraud. Guaranteed that idiot put everything in emails. Lots for investors to review. They are in no rush and are plodding along.
Wrong. The Feds are building a case one block at a time. There are so many nefarious deeds by Nader and company,it will take time. The FEDS are thorough and don’t lose when they indict. Instead of spinning tales and lies, feel free to step up and partake of the offer. Escrow account with a lawyer to hold funds.
Wrong. There is no reason to disclose the investigations if the company was not being investigated, PERIOD. The filings are clear on what is being investigated and continual misdirection and spinning will not change the facts. If the investigations were not central to CYDY there would be no need to disclose or mention potential financial impacts or mention the investigations in a CC by the BOD. You keep doing you, but I KNOW THEY ARE UNDER INVESTIGATIONS. I would be happy to place a hefty wager in escrow with all takers. I don’t know if there will be indictments but the FEDS ARE LOOKING.
How would “cooperating” in some other investigations produce the need for CYDY to Inform investors, in their SEC filings, that the investigations could have an impact on the company’s financial performance?
One logical answer .
door kicker…. Much laughing evoked from that one.
Hint: The obvious answer is usually the correct one.
Laughing. It is clear there are no LE connections by the nonsense spewed regarding the clearly ongoing investigations and reasons for them.
Mincing and parsing of words will not change the facts that SEc and DOJ are investigating CYDY. I agree the words “under investigation” do not appear, but if the company was not being investigated, the SEC filings would not mention it, the SEC filings would not say that there could be unknown financial impact from the investigations and the COB would not mention the investigations on the CC.
She said Cydy was dealing with the SEc and DOJ investigations.
Paulson gets 13% plus a set aside of warrants that are not available for sale, taking them out of the pool for raising new money in the short run.
The investors are paying .85 of the traded market price plus a .75 warrant set aside to shares, that likewise can not be sold in the short run to raise new capital. This is a whopping discount of 28% off the top. For every share sold at market close of $.32 on 4/29 strike date the net was .$23 to CYDY, less the shares set aside for warrants. I don’t recall the warrant distribution to Paulson.