Cytodyn Inc (CYDY)

[Blueheel1]

with the new offering, while the SP hasn't hit $.10, the "market price" has effectively been set at $.09 - at least based on the offering email to convert warrants that I received. To view it as anything other than an act of desperation would be naive.

I signed on to the bet that I would retire from posting if we hit .10 - if anyone wants to push that issue, i'll drop off now and ride off into the sunset - because that's more or less where we are. To Grip and others who called it, well played. Whether we technically hit it or not, who knows. But let's be clear - the real issue isn't whether the stock drops a few more cents to $.10 - the real issue is that this is the last straw - i don't see any other possible source of money for the company after this - so, can they survive on this last gasp of cash. I guess time will tell - but the risk reward has become very poor. I say that because the chance that this company fails due to lack of funds is very high - and the upside scenario at best is making a profit several years down the road, as they don't even have a trial close to starting (and trials take a really long time to enroll, collect data, etc - many years). So again, a very poor risk / reward profile. I've moved most of my biotech money into other plays as a result, but i still watch CYDY - it's like watching the Jerry Springer show.....can't look away.