Cytodyn Inc (CYDY)

[Black-Ops]

You merit a serious answer concerning the previous post about float and total outstanding shares.
Fast answer. It was old news. The writer might have thought it new news.

The S-3 is a SEC Registration of previously issued shares that were placed primarily by Paulson Investment who is the major broker firm that has brought this miracle to this stage.

I will use an example. Paulson did Private Placements as late as October, by my memory, of CYDY Units. Each Unit consisted of one Share and 1/2 Warrant. Minimum purchase was 50,000 to 100,000$.

The Unit / Shares / Warrants were not SEC Registered. The buyer could not sell until the restrictive legend / the red warning on the certificate was removed. Only registration or potentially a one year holding period took place could remove the Restrictive Legend.

Hence the S-3. It allows the transfer agent to clean / reissue a new cirt and forward to either the owner or owners broker to hol in the client account.

Effect? Minor. Most holders had made numerous earlier purchases. Shares were tradable having met the time period or were part of an earlier S-3 SEC Filing.

Short term? it will go up and down.
Long term? You found CYDY. I do not know how. You have just stepped into the most explosive common stock I have ever found and I might add; I am a very old codger.

Sometimes I end posts as follows and always with a smile;

Get off of my lawn.

That is possibly why Eastwood was removed by our CEO Nader P.