Cytodyn Inc (CYDY)

[BlackDoggie]

Couple of things:

1) So far, nobody has confirmed the nature of the alleged raise with Paulson. I'm assuming that either the clients don't yet know, or (more likely) that would be considered protected/inside information under the NDA. So all of us who haven't signed an NDA are speculating on terms at this point...

2) The company wouldn't need to file with the SEC until after the raise is closed, so don't hold your breath there. As I recall, they have a shelf offering in place with plenty left on it.

3) If they're raising any sort of dilutive money through Paulson, that would limit the number of shares they could give Pestell. Fine by me - I've been assuming they'll max out the 450mm A/S eventually, and I'd rather the company get cash for a higher portion of those A/S not yet O/S, all else equal. If they're going to breach the 450mm, they'd have to either take it to shareholder vote (and likely get crucified by shareholders) or R/S (and definitely get crucified by shareholders, after Pourhassan's comments on the CC). Not speculating here on what Pestell is worth or will get, by the way.

4) One thing struck me as new/different with this alleged Paulson raise - the invite-only in-person meeting associated with it. Is this typical and I've just missed this information in the past? Or is this different? Maybe one of our resident Paulson clients can help me out with that insight.