Cytodyn Inc (CYDY)

[Borel Fields]

Is this supposed to educate me in some way?

Correct, (using 4m warrants, a .65 exercise price and a 3.25 end of day share price), NP paid no cash and took 3.2m shares in return for warrants; he could have paid $2.6m and taken 4m shares - same value.

To file the form 144, he did have to have a "bona fide intention" to sell the shares "within a reasonable time," but he's allowed to change his mind. We've seen no evidence he has sold.

There is a deleted post that seems to say he either (a) sold the shares and used the proceeds (personal funds) to pay Samsung, or (b) pledged the shares to Samsung to assure payment. In either case, per that post, Samsung agreed to increase volume.