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Why do they need to have more than 5 % of the CYDY stock? That’s 50m shares. Could do 45M shares and raise $18M. If LL is so great and the future is so Bright with no BK and all, should be a cakewalk. Very simple to do an LLC for stock purchases. I have done a dozen of them. I and am sure CYDY would be happy to get a millon or two $$ at this point.
This is where the rubber meets the road. Step up longs or step off.
If the company was really supported the “buy” would be from the company to help bolster the CYDY treasury. Below market price and warrants if the of LL future is to be believed. Otherwise dollars just being traded among shareholders. All the “longs” could form an LLC to buy shares in mass to save “ the baby”. All the noise should stop and a true believer should step up and organize it.
CYTODYN is a “ No Trick Pony”. The only trick was getting shareholders to believe lying Nader til the ends of the earth. There is no money to perfect any approvals. What will make a change in that situation? Lots of products with good potential get junked due to poor management and lack of money. Cytodyn had the misfortune to have Both at present, due to a corrupt and inept former CEO and BOD. They all cashed in big and drove the company into the ground.
Just waiting for the ME to give us the TOD.
If the longs really wanted to help CYDY go buy private placement shares at par. That would actually help and put money where mouth and fingers are. TYPING “go Cydy” is useless. Of course one would have to be an “accredited investor “. The inability of raising significant amounts of money recently shows the calculus of that equation for accredited investors…. They are avoiding Cydy like the plague or COVID Brazil Trials.
“ Doubters have no skin in the game”
Of course…doubters were smart enough to sell! True believers will ride Cydy right into the ground…
Money matters and Cydy has none and cannot get funding on a large scale….only micro raises to keep the lights on. Way too little too late by the BOD. The only hope is that Nader and BOD are held to account for their collective malfeasance.
Nader clearly deserved those replacement shares for all he achieved. It’s shocking the ungrateful BOD fired him after achieving such a stellar record of success. After reading all the marvels of LL from the “ longs” cannot figure out why the SP is below $.50. Must be the FDA conspiracy…
Maybe a “ Go LL, GO Cydy” chant will help.
I read “ I was never comfortable with that” as Dr. L was never comfortable with Naders idiotic decision to go with two doses instead of running a dosing trial to prove the CYDY case of four doses. It was completely irresponsible to go forward with the full CD 12 trial using only 2 doses. Then again, Nader sabotaged the HIV BLA submission for optics. Same thing here. It was never about getting approval…only about ginning up hype for the SP for Nader , et al short term gains. As he said “ He got his, his bank accounts are full”.
LOL. Idiot Nader ran a 2 dose trial that he knew was destined to fail. He didn’t have the knowledge or inclination to “ do the right thing” and run a dosing trial for the FDA. Is it a supposed MD’s contention that it is a good idea to knowingly run an under dosed trial? SMH. Nader’s exclusive purpose was to find any excuse to pump the stock as long as possible ( as in until he f- up so bad the BOD had no choice but to fire him). That was always his and Cydy’s destiny. Nader didn’t know enough and only wanted to enrich himself not get a drug approval. He proved that by sabotaging the HIV BLA per the email to A area. There is no other explanation, ridiculous conspiracy theories aside.
Lol. The FDA said that Naders dredged data manipulation and fraudulent promotion of the same was not appropriate. As in the governing agency that analyzes and approves drug use in USA.
If NP’ s dredged trial data was meaningful in any scientific way, some company would have made a run at acquiring CYDY. It is not , the FDA says it’s not and so does the market. Clinging to NP lies and frauds is a recipe for investing disaster.
What is the status of the CYDY Brazil trials for COVID? CoVID ship has sailed. Particularly for Cydy. It is not politically expedient for those in power to deal with CoVID anymore. It’s back to normal through November…no matter what.
The worst part of the trial is that IT WAS KNOWN THAT 4 DOSES WERE REQUIRED AND IDIOT NADER RAN A TWO DOSE TRIAL.
NO POINT TO IT EXCEPT TO PUMP THE STOCK…WHICH HE DID. HOPE HE AND THE BOD PAY FOR IT THROUGH SEC AND DOJ ACTIONS FROM ONGOING INVESTIGATIONS.
No different than CYDY having a lead at half time, only to get blown out in the 4th quarter. The only thing that matters Is the finish. Did the trial meet endpoints for any set metrics?
NOPE.
“ who cares what the share price is…? The CYDY current low SP a crucial element to survival, with revenue generators years away, if at all.
The only way for the company to raise funds is the sale of shares. The poor trial results and historical management blunders and lies have put survival of CYDY in significant jeopardy. Recent fund raising has been via private placements at a significant discount to current market pricing and even that funding has been dubious. There is no clear path to timely revenue and no way to raise money to survive.
“Back up the truck”. .. more like abandon ship.
To date, the LL fantasy has been exposed and it is manifested in an SP below $.50 per share, a pledge of the IP for a $6.5m obligation and scrub of the CYDY website of any claims made by Nader over the past 5 years.
The current CYDY financial condition is the worst it has ever been. Particularly considering multiple failed trials, RTF and Sec and DOJ investigations. Plus the IP is pledged for the bond. No catalysts and low SP, with massive debt. No shelf registration and last PRivate Placement was a complete dud raising only a quarter of what was attempted. BK is an extremely likely outcome.
Plus, plus, plus, plus CYDY based on its poor financial condition had to post the full cash amount. Welsh swooped in got 15m shares plus warrants and LL IP all for posting the $6.5m for the company. If Welsh is required to fund and CYDY cannot pay Welsh... Ball game over.
A protective order may be used for a number of reasons. The discovery request could have been overly broad and include private info not germane to the case or even case relevant material that should not be in the public domain.
Another Red Herring.
Yes and yes.
Pick any biotech that tubed and there is the comparison. Nader Throwing spaghetti at a wall of indications was always a ludicrous path.
The ONLY COMPANIES THAT ARE SUCCESSFUL ARE THE ONES THAT LASER FOCUS ON A GOAL.
I said this years ago and I’ll say it again. Have to have a plan, have to work the plan with laser focus. Cytodyn ever see any of that?
Pump stock, pivot, fail, tout new indication …rinse, repeat.
What can CYDY management say, when there is NOTHING TO SAY…
THE LAST 10q said it all. Sinking……
Plenty of deceit passed on by Nader and Kelly. So much so that the FDA rebuked statements made by Nader not once, BUT TWICE.
Cytodyn is in massive trouble. Little Cash, more debt than assets, no means to raise substantial funds, no CEO, no approvals on the horizon or otherwise positive catalysts. Oh. SEC and DOJ investigations looming.
It is great to have a PMA, but ignoring the company’ s own statements in their public filings regarding investigations and financial condition is incomprehensible.
Cytodyn actually had to AMEND the April submission, which was not “ officially submitted until early May 2020.
Another false claim regarding Cydy! Interviews have absolutely taken place on Cydy investigation by DOJ.
Laughing. “I have not had time to read the documents “ . Always “ Best Practices” to form an opinion without ALL THE INFORMATION. ha,Ha ha. That seems to be a common theme for CYDY self proclaimed longs, who never let facts get in the way of opinions.
“Useless information, supposed to fire my imagination “- Mick Jagger
Laughing, the source of the story has correctly predicted events exactly zero times on Cydy matters. Great research BTW.
Of course CD 12 failed. The dosing needed to be 4 doses and idiot Nader ran it with only 2 doses. He and the entire team had to know it would fail, outright. It may have failed with 4 doses anyway, but the CD12 trial design had no chance., Cydy and Nader knew it and lied about from start to the data mining end, leading to two FDA rebukes. Just like Nader knew the HIV BLA was a failure and pumped it anyway.
While “ anything may be possible “ the more likely scenario is CYDY a is 1 week closer to BK. Where’s the $$ coming from to keep doors open?
How are the CYDY Brazil trials going?
“Anonymous posts on MBs don’t dictate outcomes of trials”. 100% agreed. The company has failed all trials except HIV combo. And then squandered that opportunity under moronic leadership, left in place far too long by a greedy and incompetent BOD. All the pumping and rah, rah rants have no impact on the truth. Cytodyn is dead in the water. No money, no catalysts, little hope.
The math tells me the company is insolvent. Even if they still had 200m shares ( and they don’t) and it is likely less than 150m shares, any significant raise, (if a significant raise count be done) would fetch $.20 to $.25 per share. That less than $40m versus something like $100m plus in debt and past due payables. There are no positive catalysts on the horizon and the IP is pledged for a $6.5m bond. Absolutely desperate times. No doubt COB is plugging hard, but Nader and Kelly did not leave much to work with. COVID is over for Cydy. Period end of story. HIV at least a year away. Time is decidedly NOT on the side of Cydy shareholders.
So Sue the people stating obvious facts based on Cydy 10q and drink Kool aid from the soon to be 3x felon, stock manipulator, self enrichment maven Nader? LOL. GOOD LUCK WITH THAT. Anyone who can do math can decifer the financial trouble at Cydy.
The only surprise will be if Cydy is not in BK by July.
It’s true.
Agreed…way to late. I get pursuing CoVID, but not at all costs. I KNOW that Nader tried to do an end run on HIV instead of playing it straight with the FDA. Sabotaging the HIV BLA was inexplicable, other than to personally benefit from insider trading. Plus all credibility of Cydy was destroyed with RTF and ignoring multiple inputs from FDA on salient matters on that submission.
A review of the 10k, burn rate, cash on hand and past due obligations, in light of the current SP, likely leads to only one place…BK. Time is the enemy and it and $ are running out.
Of course, particularly in CYDY land. That goes without saying… the lawyers always win. They write the laws! He who writes, wins.
100% layup. Idiot Nader co-opted the process by trying to force mono therapy, out of a successful combo trial. That confounded the reporting process and delayed the CRO work process and instigated the moron to issue a demand for a “ short “ BLA to be filed.That will be the found root cause when all the dust settles from the Amarex audit and Legal discovery in the Class Action suit. I Called this shot before and calling it again.
Yep. No doubt acted to replace Nader 18 months too late. There was ample cause way back then.
“ grab CYDY for less than $5.00 per share…yes $$4.47 less per share. LOL.
There is no buy out, there is no partnership, there is only darkness. “Turn out the lights, the party’s over”. Except for the perp walk, concluding the DOJ investigation.
Not to mention the millions in legal fees wasted fighting to keep Nader. If Kelly had any guts or intelligence, he would have brokered a deal with 13D to fire Nader and replace him with an agreed upon slate of BOD members and a new CEO. Instead, EVERYONE LOST. 13D would have been happy with any pivot away from idiot Nader.
There was a chance 6 months ago with the share price then, versus now. Dead in the water, running on fumes. Can’t last long.