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Tuesday, May 11, 2021 1:16:54 PM
It's Tuesday, 5/11/2021, and CYDY has spectacularly plummeted this week. Over a year ago it was at 2.85. Now below 2.66. So this is what happens when your board allows an unhinged CEO to plunge the company to into a death spiral. Let's review what got us here.
1. Nader Pourhassan.
He is a multiple felony convictions, no actual biotech experience and successful lawsuit magnet. His highlights include promising to sue everyone from Adam Feuerstein to Citron Research to no avail or actual lawsuits. He mysteriously but the HIV BLA on the backburner while the company was starved for revenue. He recently promised to generate revenue by charging a fee for Leronlimab, which is no way a commercial sale of an unapproved drug, in the Philippines.
Underlining all that is his rocky relationship with the FDA. Multiple delays and blown timelines he himself set and a habit of outright lying.
Zero confidence in a CEO can lead to a big zero on the share price.
2. No Approvals In Sight.
You can't stay solvent as a drug company if you have no revenues. In order to have revenue you have to have something to sell. CYDY has nothing to sell. The HIV BLA has mysteriously disappeared from managements top projects. That was the closest CYDY ever came to an approval and revenue.
3. The 8-K's Contradict The PRs.
I think we all say the 8-K stating that Placebo group and standard of care outperformed Leronlimab. No 84% magic numbers in there, no knock the doors off the hinges numbers for the FDA to approve and EUA. The lies were knocked down dead in the 8-K showing that the trial failed.
4. Fanatical Investors Hurting Company Image.
Check out the Reddit group for CYDY and see the damage they are doing. Targeted harassment campaigns that caused Nader to ask everyone to stop contacting the FDA. Insane conspiracy theories peddled there and spread to other places. News clippings posted that have nothing to do with the company but somehow do like it's a coded message a la Qanon. This kind of echo chamber creates the environment for unsettled individuals to pollute the information space and drive off potential investors. Case in point the big theory that a "Billionaire" in Vegas was going to bail out the company.
If you are still profitable on CYDY I advise you to take those profits and look to companies with better prospects.
Recent CYDY News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 09:15:10 PM
- Form SC TO-I - Tender offer statement by Issuer • Edgar (US Regulatory) • 06/03/2024 09:10:56 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/06/2024 09:17:30 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/06/2024 09:16:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 09:09:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/09/2024 02:30:20 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 03/01/2024 10:16:47 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 03/01/2024 10:15:34 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 02/22/2024 10:16:11 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/22/2024 05:15:08 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 02:00:24 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/12/2024 10:31:57 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 01/29/2024 10:22:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 01:40:14 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 01/19/2024 10:15:35 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/16/2024 10:16:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:04:57 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:04:20 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:02:59 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/06/2024 02:02:30 AM
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