Cytodyn Inc (CYDY)

[BlackDoggie]

Regarding the latest Paulson raise, I think that you're correct that almost anything we can say about the arrangement is pure speculation. I do, however, think that it's a positive that Paulson was willing to invest another chunk of change at the same terms (PPS, strike price for warrants, etc). To me, that says that the value proposition for them has not significantly changed, and that they expect the share price to (at a minimum) be well over a dollar to make money on the warrants. Even if the share price fell/falls significantly due to dilution.

All I know is that Paulson knows more than I do about the details of where CYDY and PRO 140 sit currently, and they still think that their money is good there at the same price as it was before. I'd prefer no dilution, but an in-the-know fund continuing to commit money on an as-needed basis without demanding better terms is a pretty positive spin on dilution, in my mind.

If they'd demanded that the warrants strike at 0.65 or something this go round, you'd have seen me head for the door yesterday.