Cytodyn Inc (CYDY)

[Bored Lawyer]

IMO, that's a great catch, BH.

I had skimmed today's filings but missed the significance of that disclosure.

IMO, CYDY terminating the previous Reg D offering, in which it could have raised up to $15M but raised only $6M, may be the most important CYDY news we've received recently.

CYDY told us in a recent filing (10Q I think) that combo enrollment would complete in July and then, on July 31,the company discloses that it is done raising money at $0.75. Interesting coincidence to me.

There could be reasons to terminate the offering early (incompetence, combo data is bad, I am sure there are others) but they don't really make sense when you consider that another insider (Dockery this time) put in $350,000 of his own money as well.

IMO, I think terminating the offering early, on July 31, could be a signal by the board to the shareholders that combo is enrolled, the results are (or are expected to be) excellent, and the company will be raising money on much more favorable terms in the future.

Given how easy it is to raise money under Reg D, I don't take terminating the current Reg D offering as a signal that a BO is imminent necessarily (though I'd love to be wrong!), but I do take it as an extremely positive sign for those of us in CYDY land.