Replies to post #54122 on CYduct Diagnostics Inc (CYDX)

[Hulk Hogan is God]

Did they dilute again? It's only been two weeks brother since the last load.

This can only lead down IMO.

[mgrego]

Comments on Restricted Shares

Book Value/share (at the time of the issuance) was just over $0.0036. The PPS was $0.0028. If the shares were issued at $0.0028, it would be a 22% discount compared BV.

The amount of capital generated through the issuing of the Restricted Shares was substantial even if at a discounted price.

The company would not issue Restricted shares below its BV unless it had a very good reason to. It's the reason you strenthen your Balance Sheet (SNDY BV of ~$2.4 million) (asset/debt ratio 24 to 1) . On top of that, we saw the company just sell shares to generate more capital presumably in the $0.004-$0.006 range.

I am wondering if the company issued the ~43 million Restricted Shares at a fair but higher price.

I am assuming you are referring to Restricted shares, not Preferred.

SNDY S/S

Authorized: 950,000,000
Issued and Outstanding: 728,220,918
Restricted: 15,341,495

The ~43 million Restricted shares are definitely no longer restricted.

GLTA