Replies to post #73678 on Cytodyn Inc (CYDY)

[Borel Fields]

Is this supposed to educate me in some way?

Correct, (using 4m warrants, a .65 exercise price and a 3.25 end of day share price), NP paid no cash and took 3.2m shares in return for warrants; he could have paid $2.6m and taken 4m shares - same value.

To file the form 144, he did have to have a "bona fide intention" to sell the shares "within a reasonable time," but he's allowed to change his mind. We've seen no evidence he has sold.

There is a deleted post that seems to say he either (a) sold the shares and used the proceeds (personal funds) to pay Samsung, or (b) pledged the shares to Samsung to assure payment. In either case, per that post, Samsung agreed to increase volume.

[ohm20]

I had my broker contact NP directly about it.
Summing it up...CYDY had a deadline to meet with Samsung. CYDY and Samsung have an extremely good relationship. NP exercised his warrants/options (cashless to him) to bring CYDY current. NON DILUTIVE TO SHAREHOLDERS.
This will allow CYDY and Samsung to move forward with production that is at it's highest demand ever.

Here's a simple scenario?- You order 50 of a product and it's time to pay but you have new orders of 500,000 and climbing every day. Well pay for that 50 on time.. and quickly... then the relationship builds as your order books rise.
Chump