Replies to post #42355 on Cytodyn Inc (CYDY)

[Fortuno]

I’ll explain.
Let’s say I have 1 warrant and 40 cents in cash.
If I don’t exercise I could buy 1 share with the 40 cents cash.
If I do so I would have a position in 2 shares (1 share directly and 1 share through the warrant).

If I would use the 40 cents to exercise I would get a position in 1,5 shares directly
(and that’s it, the warrant is exercised and does not longer exist).

So warrant holders truly believing in a favourable outcome would NOT exercise.

[weasel6667]

I would say the warrant holders are kind of fed up with Nader and have no confidence in Nader being able to deliver on time or bring the company to the next level?

Looking back into the mirror of the last 6 months, I would say expecting to have at least the same share price is not a sure thing ...

6 months ago nobody except Suvrov believed in a SP below 40cents but it happened. As much I dislike him for various reasons, he was right and almost all others were wrong in this matter.