Thank you BD. Your posts are invaluable. It is certainly refreshing to have articulate conversations based on actual facts. Extremely helpful for the board. Thank you again for your time and consideration.
Fred, you might want to give up this argument as BD has shown your arguments to be baseless, and the more you attempt to argue with him, the more he is making you look foolish.
Time will tell what the reality is with the PRO 140 results. If you are not worried about the lack of specificity in the release, you likely don't have much experience with these things or are just blinded by your positive expectations. But since you acknowledged earlier that the press release left you somewhat unhappy, I think you actually do know there is room for concern.
You are making a mountain out of a mole hill on my p value comments. My comment on it being "low" was meant as "not as good as I would have thought it would be. For example, Ibalizumab, whose phase III trial was pretty similar to PRO 140's combo trial, had a p value of 0.0001, which is technically lower but much better. If I had said higher rather than lower, many who are unfamiliar with these statistical measure may not have understood what I was saying. We both understand what the p value means and I actually spoke with someone who is intimately involved in drug testing and they suggested to me there may have been many non-responders in this trial given the p value. If I recall correctly, that was the case in at least one of the earlier trials as well.
I just think there is a significant chance you are wrong about that. IF the data tells you can get approved, you will make sure that gets into the press release. It is not something that is overlooked in order to get the topline results out quickly. It was a critical omission that raises a serious risk that should not be ignored. If CYDY just somehow forgot to include it, that indicates management is not ready for prime time.
First, if you are of the impression that frequent, small offerings indicate a clever management team and fund raising strategy, you are just wrong. That is desperation financing. Second, they ended up raising a lot just before the data after barely being able to raise anything prior to that in the last few months. All the financings were done at the same price. If they last large round was raised at a higher price, your argument might have made sense, but it wasn't, so it doesn't make sense. Third, the primary endpoint data has led to a lower share price and it seems reasonable to believe that shareholders buying just before the release might feel they were misled. You are right they might not have a case right now as the share price remains above the issue price, but that could change.
First, my comments about dilution were in the context of the sale of stock last week and how odd it was. Seems to me they thought the warrant conversion might not happen because of bad results. Granted they did not really know but this stock sale indicates management's confidence level perhaps wasn't as high as we thought. Second, if you really believe a buyout is the only profitable way out, what you are really saying is the chance of success is pretty low. There will not be a buyout if the data is not good enough and if it is good enough, the stock will reflect it. Third, I agree counting all the warrants as fully issued shares is a good idea for CYDY investors. Moreover, you should really add a ton of additional shares as it is going to be a long time before CYDY is generating revenues and it will need a lot more financing. CYDY shareholders better hope Paulsen has an unending source of money for CYDY. So far, they have been, so maybe my concern on that front is overdone. But I think CYDY shareholders ought to be worried there is a limit to what Paulsen can do.
I don't think I am lacking in credibility. If you had listened to me and followed my strategy, you and others would likely be better off. Like everyone else, I don't get all my expectations right, but I got the main one right on CYDY so far. So, it might serve you well to give due consideration to my thoughts as you have in the past. There is no reason to get chippy - just discuss the situation as you see it as will I and all will benefit from the dialogue.