Cel Sci Corporation (CVM)

[sab63090]

@spideyboy

I certainly respect your input and agree that having an ATM at the ready would have afforded an opportunity for $CVM to access cash on periods of a strong price trend which we enjoyed.

Some of the out of the blue crashes in the stock however are another issue and there needs to be a plan to deal with such things during the trading day and not right before the close...I think this repetitive letter came out at 3:44pm....but I do agree that ALL responsibility belongs to the shareholder....so I would not blame him for my actions. No insider sold, rather they bought with Form 4s issued promptly.

As far as warrant options are concerned, I think they are somehow restricted from selling based on the recent filing updates, I'm not sure whether they can opt out, since these are non-public warrants. There might be some stipulation that exercise and sale of stock must occur at the same time for all of those in the registration. I do not feel comfortable in commenting on that, since I don't know. Some of those warrants are WAY BELOW the current price of the stock right now and nothing happened when the price was much higher, so I am in the dark about that.