Replies to post #42087 on Cytodyn Inc (CYDY)

[lorbas95]

https://www.proactiveinvestors.com/companies/stocktube/13675/cytodyn-to-meet-with-fda-to-finalize-next-steps-on-leronlimab-drug-trial-for-hiv-13675.html

At about 3:50: "And we are just choosing the opportunities that we like to have. Another 25-30m we are at the end of the year, and our tender offer is going very well, so I am very excited to see where we get the next funding, but once we get that funding locked down, I don't think there is any doubt in anybody's mind what is going on in this company."

Of course, this must be seen in context with the different funding possibilities mentioned on the CC and the video (from about 02:00 to 03:00), which was curiously not mentioned by a certain poster here.

IMO, what he wants to say, although the passage I quoted is quite incoherent, is that they will be doing the tender offer plus any opportunities mentioned (direct investment form Samsung or Chinese company investment, or prognostic test licensing etc.) to resolve the cash issue for the foreseeable future. I mean, it is clear that not 100% of the warrant holders will convert.