Last week? Last week is nothing at the scale of the Cytodyn's pump & dump cycles.
The Cytodyn price has been the following for the vast majority of investors:
Notice a pattern? Pumps followed by larger dumps. The exact same pattern is unfolding as we speak. Nader Pourhassan « meeting » his hotel lobby manager in Manilla or sending fake data to the regulator won’t change this. Exactly as it didn’t change anything before to the unavoidable dumps. Weekly dumps, monthly dumps, quarterly dumps.
The only reason the dumps are not immediate is because the borrow is limited, preventing short-sellers from selling more. But once the private investors used by Nader to draw funds transfer their new discounted shares to their brokers (like they did EVERY TIME BEFORE), it floods the market with sell orders plus bumps up the borrow allowing shortsellers to double the downside fall. A double impact. This is what has happened EVERY time before and will happen there too.
Additionally, all the SEC filings show that the company is bankrupting as we speak. They have stopped paying critical contractors (like their CRO) and are burning + reimbursing on average around $1 million PER DAY for this ongoing accounting exercise. This is killing them as the SEC has blocked their requests to issue new shares to investors. They are trapped and can't even wait for a couple weeks.
Until then, i enjoy this shake up! Cherry on the cake for me
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