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Pretty clear and pretty bleak.
And ratchet down the value of the available CYDY shares to $.20 per share in bulk, if they can be sold at all in a private placement. Maybe $30 m max and Samsung owed $35m. HMMM HOW IS BK avoided?
100%
The HIV BLA was all the company ever had that was in reach. Instead idiot Nader sabotaged the chances by purposely submitting it “short “ of being complete, so he could pump the stock and take massive personal profits, which he did…otherwise known as insider trading….a crime.
A little DD on RTF would go a long way. I called out the devastating impact right after it happened and here we are with zip. CoVID gave the company shares an unrealistic pop, CoVID IS OVER. THe CoVID pursuit, instead of doing HIV properly will be the death of Cydy. Sinking as I type. Running on fumes, who knows for how much longer salaries can be paid. What about Samsung’s $35m? Try running the math on that at $.30 per share. It is sobering.
Perp walk coming. Feds thoroughly investigate so they rarely lose once they indict. Tic Tock.
The class action case is compelling, with timelines that are matched up to statements, actions and malfeasance. Required reading for shareholders.” Know what you own” . Lol.
…and Nader won, not ONE, BUT TWO FDA rebukes!
Yep the very definition of “ being under investigation “ . Those words do not need to be present to know the SEC and DOJ are investigating CYDY and officers. One ridiculous Red Herring after the other.
That’s what being investigated by SEC and DOJ. Sure looks like it with email to Amarex and subsequent massive sales of shares by Nader and Kelly on price jump. Even if they were” scheduled sales” the action insisting on the BLA filing be made even if “ SHORT” was specifically done to influence the stock price and is a crime.
I have repeatedly stated 4 doses were required and Nader, et al botched the trial protocols. A dosing study was required and the incompetent CEO who sabotaged the HIV BLA stupidly ran and inadequate trial using only two doses. The reality is Nader knew two doses were not adequate but ran the trial anyway for the publicity and stock pump opportunity …nothing else fits. Colossal waste of time, money and credibility.
There was no need for outside sabotage… Nader did it himself either from compete incompetence or purposeful sabotage fee free to pick one. Also see “ short BLA” submission setting us back at least 2 years and into oblivion.
CoVID is over. Even the Dems have jettisoned masks. It is now officially an endemic and for political expediency, we will learn to live with an “ acceptable level” of deaths.
I have been dying to hear a rational reason to run a trial that the principals knew would fail. The FDA did not make Cydy run a trial. That was a company decision that was ludicrous. Like insisting to drive a pregnant wife to the hospital in a car with 4 flat tires…dumb idea…they ain’t gonna make it .
What info in the Citron Report is false?
“ FDA is not Who you want to piss off”… Yep…too late. RTF citing numerous issues previously discussed and two rebuke letters citing poor trial designs and inappropriate statements about trial results likely have far reaching adverse implications for Cydy/FDA relationship. It probably really doesn’t matter any longer with the poor financial condition of the company…running on fumes.
Ha,ha ha, this explains a lot on Cydy notions.
Those additional Cydy shares are worth a fraction of the value as when issued. With what is Available now, Cydy could barely pay Samsung if they can even find buyers for the private placements. This is dire. Not wishful thinking, but reality.. Cydy is closer to the abyss than any sort of success. For all the “ patient” shareholders, time is an evil enemy for this company.
Nope. The IP is lost in a default, that is what “security” means. HAHAHAHA. WAM. LMAO.
Wrong, read the whole post. CEO and BOD actions suggest LL doesn’t work. It has not been proven in CoVID, which is over and doesn’t matter now. We don’t have an HIV approval because the former CEO sabotaged the submission. He presumably knows more than us about the drug but was afraid to do it right…why. He made $15m on the pump from his actions and Kelly made around $5M . Very suspicious all the way around for management that BELIEVES IN A DRUG.
Nope. LMAO. That’s EXACTLY WHAT A SECURITY interest is. The IP SECURES THE LOAN. A default means you lose the security. WAM! LMAO against HA,HA,HA,HA.
Like Cydy had other options than Welch??? LMAO. Worse than loan shark deal. LMAO again.
Welch is no savior here, he is a mercenary who spent time inside the company and believes LL works. He is hoping for a default to walk away with the LL IP.
If one was a potential buyer for CYDY, two questions must be answered:
If the drug worked and was great, why did CEO authorize a BLA he knew would fail with an RTF?
And same reason for going forward with CD12 two dose trial instead of 4 dose trial.
The only reason I can think of is the insiders do not believe enough in the drug to have patience and do things properly.
Or the CEO was a complete moron…or Both.
I am not saying the drug doesn’t work, but it hasn’t proven effective accept in HIV combo 4 years ago. As a buyer, one would expect the CEO to act in the best long term interests of the company, or t least the Board should. And they didn’t… why?
The LL value was established at $6.5m
Define inside information on Cydy matters.
Can’t wait until I can publish the “real deal” on Cydy investigations.
The CYDY also acknowledged that the company could not predict the financial impact of the investigations on the company.
Why would that statement be needed if the investigations were into matters not centric to Cydy itself?
Answer is obvious. There are SEC and DOJ investigations into company and company officers( former officer now) regarding … “ statements made” and trial results.
Would have been a much better use of CYDY’s scarce resources, then, to put all money and effort into curing the HIV BLA self inflicted mess (an indication where endpoints had been met), rather than running a CoVID trial DOOMED TO FAIL. THAT IS AN INEXCUSABLE FAILURE ON THE PART OF THE IDIOT FORMER CEO. Total waste of time and energy.
Nader and team KNEW THE TRIAL WOULD FAIL WITH THE DESIGNED PROTOCOLS AND RAN THE TRIAL ANYWAY. LMAO. THE Very DEFINITION OF IDIOT.
Let us know when a stated endpoint is met in a CoVID trial. The CoVID ship has sailed, as I called it six months ago, particularly for Cydy. The World is going back to normal…the mid terms are coming up. The pivot is to endemic and an acceptable level of deaths to our elected leaders.
Absolutely. The fail is on the company. So it’s a good idea to run a trial that insiders knew would fail?
And then pump failed results generating not ONE, but TWO, FDA rebukes. A little DD on dosing trials and company responsibilities would go a long way.
It’s all on Nader and Cydy’s inability to present and prove their case. FDA said as much regarding historically poor trial designs. Period. Pretty stupid to run a trial known to be under- dosed. Seems like the only reason would be to pump the stock. Nothing else makes sense.
The felony conviction is all the proof that is needed. Nader is a 2 x felon and will likely be a 3 x felon in the near future.
Nps history of doing what he wanted regardless of the consequences or the law was telegraphed by his earlier felonies and is exactly why this amoral criminal gutted the company for his personal gain.
He went from bank fraud and domestic abuse to stock fraud and insider trading initiating HIV sabotage, two FDA rebukes and SEC and DOJ investigations. 3X felon sure to spend some time in prison and well deserved based on his nefarious acts gutting this company and most shareholders. History repeats.
Nope. It’s called a Dosing Trial and NP didn’t want to take the time. Company is responsible for their trials. Can’t pass the buck. NP just had no knowledge of how to navigate in this space and refused to follow the proper protocols and procedures for the sake of message boards and share price. All the experienced people watching Cydy have said the same thing.
I spoke at length to another biotech CEO about the trial. Can you say the same…any hands on research other than anonymous MB? It’s like heading west when the destination is east…not going to get to the destination.
CD 12 NEVER had a chance, which is being admitted by blaming FDA, and idiot Nader ran it anyway, told us all along it would be great, lied about the results, and got rebuked TWICE by the FDA.
And yes the US did land on he moon.
If the required 4 dose protocol was so clear for CD12 trial:
Why could Cydy not Prove it?
Why did Cydy not run a dosing trial?
Why did Cydy run a trial leadership KNEW was destined to fail?
Oh, I know, same reason Nader sabotaged the HIV BLA submission.
It is highly probable Cydy will not meet the specs that have been outlined. The case for BK has been made numerous times, at which point those 15m shares would be worthless and Welch walks off with the IP of LL.
We have been through this a million times. Nader did not have to “acquiesce”. The correct move was to run a “ prove it” small dosing trial for the FDA. Talked to several senior pharma executives about this. Idiot Nader wanted to be fast instead of correct…just like the BLA incomplete submission.
The CD 12 trial had no bona fide chance and all the executives at Cydy knew it . What is their obligations for the patient’s well being in the trial?
The absolute wrong move was to run an inadequate trial that wasted time, money and company credibility. Have to fight for what you believe and prove it . Not prove the opposite, like Nader.
Nader may be gone, but the damage HE INFLICTED lives on…note THE the February 11, 2022 FDA announcement REBUKING Nader and his lies for the SECOND TIME.
THIS TIME, THE COMPANY MUST PUBLICLY ACKNOWLEDGE NADERS LIES IN THE SAME FORUMS IN WHICH THEY WER PROFFERED. MORE MONEY TO BE WASTED.
If it’s at his option he will take the IP. He would not have done the deal if he didn’t know the IP had value…from someone who knows him.
Even if CYDY still had all 200m newly authorized shares ( and they don’t) max yield is $70m compared to $100 m in debt and LL IP is securing the Amarex bond.
Looks to me like Welch will ride into the sunset with LL as the company implodes from backbreaking debt from wasted litigation, failed trial designs and submissions.
Any new CYDY raises will be at $.20 to $.25 per share. Barely enough firepower to pay Samsung with no shares left. This is dire.
PERFECT SCENARIO FOR KELLY!
FDA rebuked Nader once again for “ coloring outside the lines” . He was told to stop with the false narrative about the CoVID trials, didn’t and was spanked again. Cytodyn will be firmly in the crosshairs of FDA for everything they touch. As Grip said…game over.
Agreed. I made money on this, ( long always), but would have made a ton more had I realized Nader was such a pathological liar a little sooner. At one time I couldn’t quite get it that a CEO of a public company could / would actually lie about all the things Nader lied about. Stunning that some still drink the kool aid.