Cytodyn Inc (CYDY)

[Saltz]

Good point JPG77, I agree that is where they will see a nice chunk of cash.

Because the warrants range from .65 to 1.35 with the majority priced at .75 one could assume that very few have been converted up to this point. My math would conclude there are approximately 50 million outstanding warrants. The question is at what SP would warrant holders exercise. I think we would see some serious movement when the SP hits $2. It would seem there has to be some cushion because it takes a week or two to complete the process so the risk or exposure is the SP dropping significantly in that window. That's the thing about a buy out it would cause all warrants to be exercised because the profit would be guaranteed.