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Friday, July 09, 2021 11:08:52 PM
But in retrospect, given the pile-up of attacks on the company and him based on the financial decisions, I realize it makes a lot of sense that he himself outlines what he/they have achieved on this front.
It is easy for shorts (and anti-Nader longs) to just assume "All he said was a lie" and to negate or just stay silent about this positive successful work of Nader to save our money and shares.
But suppose instead we assume that what he said is truth. What does that mean? We should not merely mention that he personally profited "by stealing shares" or took decisions that cost shareholders in these lawsuits; that has to be juxtaposed and compared with the financial successes to get a fuller picture. The accusations of financial failure pale in comparison to the successes.
From 4:20 in
1. When Nader came in, company "brink of bankruptcy". Took care of that.
2. Didn't accept 6 million $$ of NIH money, turned it back. (I don't know why either, but he says it as for benefit of shareholders.)
3. Raised $420 million since then.
4. The Board demoted him, company started falling apart financially.
5. At that time (in 2- 3 years before Nader was brought back in (?)), the company had been diluted the company of 300 million shares; and they had to raise $$100 million.
6. Nader brought back in as CEO. Scott Kelly to Nader: "How are you raising $100 mill when stock is at $0.30?"
7. Big Institution offer: wanted 300 million shares for $30 million. Nader rejected that. "I said, 'This is not the way we raise money for shareholders. They don't deserve that.' If we raised money that way, company would be at 1.2 billion shares due to dilution. 'We will raise money without that kind of dilution', and we did that."
8. "I told Dr. Scott Kelly. Let me work with the people that we have, and allow me to get rid of the people who don't fit in this team."
Nader got rid of some "big names" and brought in others, and showed that things are getting done.
Result: got the needed fundraising. CYDY has been able thereafter to conduct several trials and is "at the brink of so many opportunities" this year.
9. 7 years, $420 million raised, did not dilute the company (in the projected manner) after resolving problems, still to use 100 million shares authorized couple of years back, raised couple of hundred million $$ (I guess this is more recently).
10. How did they do all that? "We work very hard, block all the noise and focus on shareholder value."
11. Fundraising. ~"We are in great shape right now, enough funds to get to the end of the year. Looking forward to near-by Brazil trials and LH filing for BTD."
Point 8 may have been reason for several lawsuit backlash, some of which is costing us. But according to him, he took hard decisions that turned around the company and put it in much safer financial position. That is, the saved cost to shareholder far exceeds the lawsuit losses they are seeing now.
Point 11 indicates the risk that will be looming. We need to get some of the projected things done this year so that we can stay out of financial troubles early next year. In the meantime we are unfortunately facing the turmoil created by shorts, the disaffected and those who don't mind squeezing out the life of the company for their own financial gain or revenge, AND the 13-D "investor" gang and its supporters, working practically in concert and together (lot of irony here) to ruin the present management (and no doubt presently causing destruction of stock price) even at the cost of derailing us of the potential milestones this year.
Its a bit sad that how this is happening at this time, in such frenzied madness. Hopefully the management and committed longs supporting them will shut out the noise and get things done.
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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