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LOL. It will literally take a miracle to save Cydy. I never said LL doesn’t work. It probably doesn’t work for CoVID but CoVID has been over for a year for this company. No way no how.
It is 4 years past the HIV trial success and no approvals and no income. Only sabotage and malfeasance.
The available shares would certainly fetch well less than the outstanding debt and receivables. These are facts.
The company’s reputation and financial’s are a wreck. There will be no federal grants and no partnerships, particularly given the SEC and DOJ investigations and the self reported deficiencies with the company’s financials.
Cytodyn IS NOT the MARINES.
How could anyone stick their necks out for this chocolate mess?
Clearly Paulson is able to churn out suckers for deep discounts to keep the lights on, maybe for the rest of the year, but probably less time and that runway has to get shorter at some point. NO? At some point if no results are shown in some indication, the money flow WILL stop.
No one has presented a mathematical solution where Cydy wins in the long run. Show me some math where their financial obligations are resolved with what we know and can reasonably assume regarding cash and expenses.
Nope. They waited way too long to fire Nader. He burned the ships behind his troops and there is no way home. They will have to fight it out with their meager resources…it will not be long.
No comment on BK. Just the cost of Cydy money raise and the burning of shares to raise small amounts of money. I and others have presented the math painting an ominous picture based on the current financial facts and nothing in the hopper. Show the financial picture other than what is displayed in Cydy’s own filings. Your premise of success is based on some miraculous hypothetical and not one fact.
$50k plus 13 % comes off the top for Paulson’s sale team so the discount to market is 28% straight off the top, plus Paulson gets warrants. Those warrants to Paulson and private placement investors reduce the pool of shares to sell to other investors. Effectively discounting the yield for future raises.
The buyers are paying .85% of the SP, AND the selling agent is getting 13% off the top for a 28% discount to CYDY. Plus, the buyer and placement agent get warrants. Blowing through shares, and only prolonging the inevitable.
CYDY is not a CoVID company. That ship has long since sailed.
The CoVID issue is politically a dead end. Everything is open, no mask mandates etc. Cytodyn did not clear Brazil trials with FDA, they will be useless in US if they are ever completed which is doubtful. Now the FDA recommends an alternative. Done. Done Done.
Ha. How about a cogent argument showing how CYDY will stay afloat given the stated debt and available shares? Or even an argument refuting the earlier math and reasons on why the demise is predicted. After all Cytodyn IS INSOLVENT.
So far they have managed to raise additional capital, but how long can that go on with nothing in the cue to generate momentum for the company and available shares being burned at an incredible rate due up to discounts and sales costs?
I still have shares to which there is little point of selling now. I am in the “stranger things have happened camp”, but I just don’t see logically how CYDY does not end badly.
I have never been opposed to success of the company, just opposed to the 2X felon Nader and the enabler Scott Kelly running the company into the ground with their self dealing and nefarious deeds. Kelly should be gone as well as Nader.
Quite frankly I always hoped LL would prove successful in HIV and hopefully Alzheimer’s, which my wife is headed towards. People I trust with scientific backgrounds supported the MOA. So far the company has not been able to file successfully for HIV and has failed miserably in all other realms.
The supposed steward of the public interest, Kelly pooped the bed on his fiduciary duty to all of us yet he is still employed and on the BOD…embarrassing.
In short, I am not rooting for BK, but I can read the financials and do a little math. At this point I don’t see a realistic path to success and that BK is a highly likely end…when ..unknown. That will depend in large part what Samsung decides on their receivable.
Where is the math that shows CYDY can cover payables noted in the last financial report, with remaining shares and yield from said shares net of market discount of 15 % and Paulson sales cost of 13%, plus warrants?
Somebody please show how that works 100m shares at $.36/ share less 28%. My estimate is a generous $26 m versus $41.5 Million for Samsung and Amarex, excluding other vendors and monthly burn.
Paulson is selling shares at loan shark pricing for management to keep the doors open AND NOT PAY VENDORS, such as Samsung $35m and Amarex at least $6.5m, plus Fife and I am sure others. Please show us the math on the outstanding shares (which have to be around 100m shares) where Paulson gets 13% plus warrants and the market discount is 15% in the last raise. Yes, CYDY can keep the lights on but there is not enough to even pay Samsung even if all remaining shares are sold. Would love to see the calculations.
What is the catalyst here other than the “ the FDA bad, Cydy good.”
Feel free to Show the math proving Cydy can survive with available shares, current cash and known debts and operational costs.
Some of us can read a financial report and do a little math. CYTODYN Has raised around $6m since the 10q and the last qly. report showed around $2 m In cash. The company burned $10m per month in the prior year. They certainly cannot meet payroll AND pay vendors.
No one has been able to answer how they will pay Samsung their $35 m, Amarex bond $6.5 m and the state of Washington their $250.
The company readily admitted their financial stress in All SEC reports. If they cannot license LL, the company is toast.
No one will be a partner nor will their be grant money. There are too many adverse conditions and legal issues, including Multiple FDA rebukes, RTF, SEC/DOJ investigations Class action lawsuits, and trial halts by FDA.
No one will risk signing off on a merger or partnering with the preceding shady shenanigans, not to mention the significant financial reporting irregularities cited in the SEC filings.
Otherwise stated, despite current efforts of the BOD, Nader left a major dumpster fire with limited options to save the company. They can limp along paying salaries with these micro raises at loan shark prices.
What is being accomplished to move the LL needle after burning close to 100m shares in 6 months?
The remaining shares, after accounting for the 15% market discount and 13% sales commission ( not including warrants given on top of commission to Paulson), won’t even fetch $30m.
Therefore only counting the Samsung debt versus POTENTIAL “all in” funding Cydy IS INSOLVENT ( and there are tens of millions in additional obligations).
Please feel free to show alternative math of the $. Tick Tock. Time is decidedly not on Cydy’s side.
LMAO.
Absolutely false. I was personally told that Amarex was Naders crew by the guy you referenced. It wasn’t someone who knew someone, who knew someone. Direct first person. Been a CYDY shareholder since 2012 and actually know people.
Ridiculous! Info posted numerous time and just ignored. LMAO. Keep whistling past the graveyard. COB said it on last CC. The spin is over.
Samsung’s $35m is going to have to be reconciled and so will Amarex at least $6.5m…how???
It’s pretty clear who the targets are by looking at the FDA actions and no shelf registration from the SEC. The last 10q laid out the issues being investigated, deny this fact all you want.
The “ short BLA” then immediately selling the majority of shares by Nader, SK and others, smacks of inside trading and fraud.
NO. Nader was the old time pal with Amarex. From the horses mouth “ don’t use Amarex “. If YOU DO, hire someone to vet their work.
So there is the truth from people who know, like the current COB who mentioned the SEC and DOJ INVESTIGATIONS, on the last CC and said they were dealing with them”.
Cytodyn released the information that there is a DOJ investigation into the company and officers in the 10k and 10q, NOT DOJ.
It was clearly a material item that the company needed to legally address. Moreover, each of those filings addressed that there could be unquantifiable financial implications due to the SEC and DOJ investigations.
LASTLY THE COB discussed the SEC and DOJ investigations in the last CC. Whether there is ultimately an indictment remains to be seen.
The Class action suit filed at the end of 2021 paints a detailed picture of infractions, timelines and events. Plus there is my own two eyes.
Business as usual … a criminal doing criminal things. That is why Naders history of DREAMCATCHERs, prior BKs and 2 felonies was important. Based on his subsequent actions as CEO of Cydy, his history was predictive of his ultimate criminal actions involving fraud, insider trading and unjust enrichment.
Yeah, I’m still going with SK was up to his eyeballs in the nefarious deeds of Cydy. He was definitely complicit in the egregious unjust enrichment scheme and sold on the Fraud/ pump of the incomplete HIV BLA…coincidence? Doubt it. DOJ is sure to sort it out. If Kelly ‘s smart he is singing like a bird, because the 2X felon/ DREAMCATCHER, Nader is expert at self preservation, if nothing else
Yes. laughing at Naders “ playground “ arbitrary self reported symptom table to report efficacy. Anyone who didn’t sell after that deserves what they get.
Kelly was clearly in on the self enrichment scam. like Nader, he sold millions of stock in May 2020, right after the fake BLA was submitted.
Oh yeah, add to my recent comment on the complete Improbability of grant/ government funding that Cydy acknowledged significant issues/ short comings with respect to their financial reporting the last 2:quarters, due to incompetence of their accounting staff.
The last 10q showed about $2.5 mill in cash and the 8k showed less than $2 million recent raise.
Cytodyn is on fumes with no ability to raise significant funds other than private placements, which have recently been largely unsuccessful ( funding goals not met by a huge multiple).
How will Samsung, Amarex and other vendors get paid. How will $6.5 million on bond get paid?
Those questioning BK… what is the resolution of these financial issues, in light of $5m per month burn rate, in lieu of BK? The numbers available reveal a bleak picture.
No way CYDY passes Underwritting for grant qualification by any legitimate vetting process.
Two FDA reprimands,
SEC and DOJ investigations,
Banner ad on website repudiating all prior comments on success and efficacy of drug candidate, and
third party in control of IP.
Who wants to put their reputation/ career on the line approving this shit show for grant money. It would never pass a committee approval. No way, no how.
Not happening.
Cytodyn listing hard to port. Engine room flooded by Nader failures and toxic debt.
Plus tens of millions $$$$ wasted on Nader’s private vendettas and scams resulting in litigation, the last of which was the proxy battle. Scott Kelly should be personally liable for that fiasco costing Cydy millions to defend a lying, stealing, incompetent Nader as CEO, then fire him 3 months later. 13 D would have easily compromised on the BOD slate if Nader was removed and an adult placed in charge. Even at that late date, the SP was in the $2’s and there was a shimmer of a chance. Not much chance now.
A company that was not run by a crooked 2X CONVICTED FELON, may also have achieved some success. Or at least not have “FAKED” THE HIV BLA then traded on the inside knowledge ( all while pumping the stock).
Nice “ Banner Ad on the Cydy website repudiating ALL OF NADERS FALSE CLAIMS.
Cytodyn’s need to post that on every page of the website HAS to be huge spark in attracting new capital investment from accredited investors. LOL.
$$$ running. IT. WONT. BE. LONG. NOW.
The only crimes were committed by Nader and Kelly. Any failures, if the drug is legit, fall squarely on their shoulders for utter incompetence in trial design, management and execution.
More likely a memorial service in Vancouver with the CYDY ashes dumped in the Pacific.
We can do Vegas when Nader gets “decorated “ with silver bracelets.
Pestell was also the last line of defense on Nader’s compensation. As soon as Pestell was out the door the financial self enrichment coup of Nader and Kelly was hatched, producing millions. Even though the Magistrate reversed much of the comp, The BOD and Nader merely reissued the shares at a later date. Hope they wind up in prison at the end of the DOJ investigations.
If so called “inferior” drugs get approval, that just speaks to complete and utter incompetence of Nader, Scott Kelly and the rest of the Cydy executive team.
Cytodyn IS insolvent. Do the math on what they owe and the value of the remaining authorized shares, even at par. Samsung and Amarex are unpaid and I am sure there are many other vendors DUE $. They have been able to delay Samsung and Amarex, but the process of those vendors collecting is underway. Samsung could easily drop the hammer and force BK.
Cytodyn has little cash per the last 10q and acknowledged it may not be able to remain a going concern. There are no trials going on. I am sure management is attempting some type of sale or licensing agreement , but recent results of trials have been failures, so that is a desperate measure. There is one paper and a 2018 HIV combo trial to hang a hat on. BLA for HIV is dubious.
I was told by a former insider ( after exit from insider status) that HIV would put the company value at $2.5 to $3.0 B., circa 2019. Cytodyn is still light years from monetizing HIV, if even possible.
The odds of BK outweigh the odds of success for Cydy by a HUGE multiple.
Nader was a scam artist, but I do not believe the original premise of the drug was a scam( confirmed by scientists I know). Nader has squandered so much money and opportunities that there is likely just no way to salvage this company.
Any capital put into this dumpster fire should be “ Vegas” money. My remaining shares have no basis and are owned free and clear. GLTU.
If she HAD CoVID also, she could have LH and not a reaction to the vaccine?
The moral of this story for Cydy is that when you are no longer and insider “you are no longer an insider” and are not privy to the goings on of the company. That’s a good thing , contrary to the Nader regimen with insider trading and self enrichment. Nader left a dumpster fire of multiple major obstacles:
major debt with toxic lenders
Tens of millions of unpaid past due invoices to vendors
SEC and DOJ investigations
plummeting stock price
lost credibility with FDA and the public ( clinical holds and such)
No money in the til.
The financials are dire with severe difficulty in raising new capital. BK is a real threat, though difficult to predict timing. Credit to the current team for giving their best shot. Doubtful they will be able to turn this around with no capital and trials unavailable. Dubious future for Cydy.
Maybe CYDY simply is behind in paying the auditor and the quit.
The very first Sentence about Cydy is a lie. Ken Van Ness is in the records for securing Pro 140 . The SEC filing is easy enough to find on the company website.
The COB SPECIFICALLY acknowledged the SEC and DOJ investigations in the last CC. Anything to the contrary is just noise and spin.
Laughing. Each day the company spends more and has less ability to raise money. Do the math on the 10q outstanding shares and what can be raised based on the SP. Time is the enemy. The clinical trials are on hold and CoVID is done and over for Cydy. HIV is likely next year if at all. How does the company survive? Ruby slippers won’t work.
Yep. Reading at 4:21 said 1/2 cent gain for Cydy. Like it matters. Does not move the needle for raising money and that is the issue . First time I missed a call in 2 years.
Laughing…“ STRONG POWERFUL UPWARD CLOSE”. CYTODYN Up $0.005…less than a penny. Zero credibility.
The BOD was 18 months too late ousting Nader.