Cytodyn Inc (CYDY)

[Saltz]

I see it the same way although I’ve been completely out of CYDY as I liquidated my position from June through mid August. That play finished nearly eight years of staying long and never trading a single share. I simply had too big of a position w a return that made this investment a big winner.

I’m hanging around because I do believe in LL and it’s high probability eventually for S/C approval. My hunch was the DSMC would recommend continuing the trial which was good news but not what SH’s were hoping for.

My thoughts back in late July was that it was time to get out because the MM Trial was not going to get an EUA and the Covid play was all about the S/C Trial. The timeline from my perspective looked to be late 2020 and more likely Q1 2021 for statistical data to an EUA or approval for S/C. Given that I just felt because of the BLA fumble there was nothing to support the SP until the S/C data could turn the tide and that was a big time gap to fill w no catalysts.

I’m going to be patient over the coming months to start building a new position because I think there will be downward pressure on the SP. I want to be averaged in at the lowest SP possible for the next interim analysis by the DSMC. My calculations place the interim at 293 patients all having completed 42 days on drug plus two weeks for the DSMC to compile the data to be in mid Feb 2021.

If I still had my initial full position as I assume you do I’d hang and roll the dice on the the next interim in Feb. I wouldn’t want to trade out now in the high 2’s and get blind sided by a PR that blows you out of the stock.

AIMHO of course — GLTU Blueheel