Cytodyn Inc (CYDY)

[jacketsndisney]

So fundraising has been what he's delivered? He's done two things:

1) Had Pauslon sell shares with warrants. Those were pretty sweet deals. Investors would immediately sell the shares for a quick profit and hold the free warrants. Those were very attractive deals. I don't have a problem with them, but it didn't require any special genius.

2)Fife loan deals. Are we praising the deals with Fife now? So NP released press releases that he was raising money at $10 per share. Is that what happened? These deals are a nightmare...

Everyone was screaming at the time that it made much more sense to issue new shares and raise significant money at $4-$6 per share instead of doing the awful Fife loans, but NP wanted to go the "non-dilutive" route. How did that work out?

I personally believe that NP was betting he would get EUA for Covid and could quickly pay Fife back. He bet wrong, we are now issuing Fife millions of shares for less than $2. Those shares are an obvious drag on the share price.

NP also had the benefit of the Covid bounce in the stock price which drove lots of warrant exercises, again it didn't take any special skills to make that happen.

Look, these are tough decisions and a company like Cytodyn has and had limited options in the past, but I'm not going to give Nader any special credit for doing deals with Paulson or Fife.

So I'm still waiting to hear when NP actually delivered something.