Replies to post #70771 on Cytodyn Inc (CYDY)

[jimbojones]

Or we consolidate further up today nice and slow or people buy in up until conference call on Monday. Give people option buy now or buy before call. But risk is it could be way higher before call

[Pacman3]

We can make it to 3.50 today if people will stop giving away their shares.

[Borel Fields]

VC -

Sorry to be a one-note, but it's not "magic resistance" it's the "wall of warrants."

For example, per the 10-Q, 30mm shares were exercised and sold into the market in 26 trading days from 3/1 thru 4/6. Mostly programs phase in above $2.60, though range is subject to adjustment. The last run at $3 appears to have resulted in far more aggressive exercises per day.

No diss on Nadar at all - but he is about to file an S-3 to increase max authorized shares. Duh! He's created a multi-billion dollar drug by raising $300m from people willing to share the risk. Out-freaking-standing.

So, warrant exercise today isn't totally bad - the vast majority will sell someday. My SWAG is that max overhang is now down to roughly 15% of shares, maybe a bit more if the recent financing ever converts at $4.50/shr (a high quality concern).

If anyone emails Nadar, asking his accountants for an update on footnote 17 would be great.