Cytodyn Inc (CYDY)

[BlackDoggie]

I'm not positive that an LOI would be material from a legal standpoint, although I would certainly consider it to be material. I'm sure that one or more of our local barristers could provide some color there. Either way, you're right that we don't know of an LOI, but the company could well know that that's the direction that verbal negotiations are headed. Further, assuming an LOI is material, and assuming that an LOI would precede any deal closing, I think it's fair to assume that even if a deal were all but in place, cash flow from the deal could still be months away resulting in a need for interim funding.

All speculation for sure, but provides a perfectly reasonable explanation for the continued small raises. On the other hand, all of us who've been around a while have used that storyline before and been burned a bit. Difference this time is that NP has publicly stated that they have offers on the table and have definitively submitted at least one counter offer. The odds of a deal at this point are far more realistic than any point in the past.

We're on the same page here, mostly just talking through it. Hit 'em straight this weekend.