Replies to post #208992 on Cytodyn Inc (CYDY)

[I_luv_cydy]

The cost could even be lower depending on when the round of financing is closed. The cost has not be determined yet.

[I_luv_cydy]

“Huh? Registered? This is a private placement and can be sold immediately! And they know exactly how much it costs. It’s laid lot in the 8k. “

Please show me in the 8k where it says accredited investors can sell the CYDY shares that they acquired in the private placement “immediately”.

There is a process that has to take place after the final close of this financing round which is still ongoing. CYDY submits a request to the SEC to register the shares within a certain time period (I believe 90 days). If SEC approves the request then the investor can sell these shares (which are restricted and has to go thru another process via rule 144). If the SEC does not approve this registration then the investor has to wait 6 months before beginning the process to sell the shares.

This is not a quick buy and sell scenario that you say it is.