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Re: mjbaker84 post# 164852

Wednesday, 05/12/2021 12:32:39 PM

Wednesday, May 12, 2021 12:32:39 PM

Post# of 233646

Nader spoke over the weekend and so far we are down 15% since Friday.


What did you expect? The share price had gone up because of promises of revenue. Sunday's webcast showed that revenue isn't close. A couple of weeks ago, Dr Randy said that remdesivir cost $3,300 and that CytoDyn would give a 20%-25% discount versus that price. Turns out that remdesivir only costs a few hundred dollars now and Nader said they'll match that. Clearly, they are not in real negotiations.

Without revenue, the Fife loans will turn into massive dilution. There is no way the stock price won't plummet from that selling pressure. And that is not a long term concern. It is now.
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