down another 14%.Quote: 100xOddsgoing back down ... 7%.Quote: MDawgLiquidity is an issue with penny stocks though. While yes, the stock is up a lot from its 52 week low, not too many stockholders could dump their shares to take advantage of that before taking the price right back down.
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lets see if it'll go back to .50 support line next week
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back below $1 again
Quote: MDawgOkay now that's a cause for concern reversal. Unless you don't care about your money, that is. If it doesn't pop its head back above a dollar this week, that would be real cause for concern.
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Well it's gone up on no news.
I would be more concerned if it went up on news and then reversed
I expect it to go back to .50.Quote: darkozQuote: MDawgOkay now that's a cause for concern reversal. Unless you don't care about your money, that is. If it doesn't pop its head back above a dollar this week, that would be real cause for concern.
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Well it's gone up on no news.
I would be more concerned if it went up on news and then reversed
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It was at that lvl for a while before it started it's fast rise 2 weeks ago
The idiots want to issue 33% more shares. They are a little company and already have a billion shares and they want more to sell to make money. I guess when you don't have a product to sell you just sell stock certificates.
ahh.. probably why the shares dropped 14%Quote: DRichI just voted my shares of CYDY.
The idiots want to issue 33% more shares. They are a little company and already have a billion shares and they want more to sell to make money. I guess when you don't have a product to sell you just sell stock certificates.
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Quote: 100xOddsahh.. probably why the shares dropped 14%Quote: DRichI just voted my shares of CYDY.
The idiots want to issue 33% more shares. They are a little company and already have a billion shares and they want more to sell to make money. I guess when you don't have a product to sell you just sell stock certificates.
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Lol, no.
The announcement about the share vote was July 12th.
The paperwork was sent out last week.
The vote is on August 30th.
Meanwhile the runup began last week and just ended.
Two weeks the price rises, two days the price drops.
And so since the price dropped two days, lawsuits announced.
Literally within 4 hours of closing on second day!!!
https://www.google.com/amp/s/www.benzinga.com/amp/content/28409344
BTW, lawsuits filed Last year have all been dismissed except for one which is on hold pending dismissal as well.
These are literally law firms that appear to scour stocks that fall and then make announcements of investigations that usually cause further share price dropping.
Almost certainly they are in collusion with shorting firms.
What a racket!
Even if I don't have the time or resources to undertake such cases I might refer them to a colleague and work something out behind the scenes for a cut.
But as far as "in collusion with the shorters" - no.
Quote: MDawgAs an attorney, I am always looking for such cases. Of course I want the cases to have merit but also I am looking for fat class action attorneys' fees.
Even if I don't have the time or resources to undertake such cases I might refer them to a colleague and work something out behind the scenes for a cut.
But as far as "in collusion with the shorters" - no.
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Well in 2020-21 there were seven such lawsuits filed.
Six were dismissed (some were consolidated together and then dismissed).
The seventh is still ongoing because it was the last filed but is awaiting a decision for dismissal.
I should also point out that one of those cases that was dismissed filed an appeal and the appellate court reaffirmed the dismissal.
Of course, this helps shorts. Whether it's directly in collusion or not
Lawsuits announced for fraud will cause damage to share price. Lawsuits filed will cause finances meant for drug trials rerouted to trial defense.
Anyone who thinks shorts are not digging deeper into the short shares thanks to the lawsuits is naive.
And as you stated, the lawyers are searching for the share prices that drop. Oh, they are dropping because of lawsuits announced? How convenient.
Cytodyn has been targeted for years.
Again, ask why nearly every lawsuit is dismissed and yet more are being announced.
yup,dropped another 8% today.Quote: 100xOddsI expect it to go back to .50.Quote: darkozWell it's gone up on no news.
I would be more concerned if it went up on news and then reversed
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It was at that lvl for a while before it started it's fast rise 2 weeks ago
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Placed a buy order at .50
Quote: MDawgWhat if it drops back to .20?
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What a buying opportunity it would be.
Quote: MDawgIf it does go back to that low, 1.20 would have been clearly quite a selling opportunity.
Maybe for you pessimists that don't think it is going to $8.
buy more.Quote: MDawgWhat if it drops back to .20?
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dollar cost avg @ .35 :)
And interesting the stock is now hovering at .80.
Wonder why is that the new support line?
For example 24K is emerging as possibly a new support line for BTC but it is by no means clear yet.
As far as why selling at 1.20 will emerge as a great selling point if CYDY drops back to 0.20, this has nothing to do with what the stock might do later. If you're a CYDY owner and your basis is say 1.75 and it goes above that repeatedly, you don't sell and it is now again 0.20, that's just plain error. If I do a trade for a given stock at say 500, and it goes to 505, then drops to 485, just because it later makes it to 507, and I sell then, that doesn't mean that I done good - it means I screwed up but the stock was giving enough to absolve my error, especially because if I was willing to sell at 507 the second time why would I not have sold at 505 the first time?
As far as CYDY, let's look more closely at a stockholder whose average was 1.75
Multiple opportunities to sell at a profit, including two at sky-high 6.00 - 7.00 prices were available, so if you just sat there and let slip multiple opportunities to make decent to great money, then if it ever does go back to those levels or higher doesn't mean you're smart just means you're lucky that your repeated mistakes were overcome.
If I were involved with a penny stock like this, and achieved a double, I'd have dumped enough shares to have a free roll and then maybe gambled with the balance. SooPoo and I discussed and agreed on this, which that sort of thinking and action is just intuitively obvious especially for a penny stock that has not exactly had a great history, I'd think. Even if it weren't obvious on the first or second run, by the third or fourth time that it dumped and then went back up I'd think it would be time to take action to lock in a profit.
Quote: MDawg
As far as why selling at 1.20 will emerge as a great selling point if CYDY drops back to 0.20, this has nothing to do with what the stock might do later. If you're a CYDY owner and your basis is say 1.75 and it goes above that repeatedly, you don't sell and it is now again 0.20, that's just plain error. If I do a trade for a given stock at say 500, and it goes to 505, then drops to 485, just because it later makes it to 507, and I sell then, that doesn't mean that I done good - it means I screwed up but the stock was giving enough to absolve my error, especially because if I was willing to sell at 507 the second time why would I not have sold at 505 the first time?
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There is a lot of endowment effect issues in posts in this thread, including from people like MDAWG that don’t have the stock!
Your entry point is irrelevant other than in calculating transactions costs. The only relevant question is where do I think the best place is to put my limited capital to work today, after considering the transaction costs (including expected taxes or tax shielding) of liquidating a position to reallocate.
suggestions each time it has popped, and suggested doing the same if it goes back up after each drop.
In the end, CYDY may turn out to be little more than a two year COVID period flash in the pan.
general market is flat
Quote: 100xOddsDown another 11% to .68 and but the Dow is down 2% :o
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Until they get some FDA approval I don't see this going up.
Someone was definitely acquiring a few weeks ago, though.
do pink sheet stocks require disclosing 5% shareholders?Quote: darkozQuote: 100xOddsDown another 11% to .68 and but the Dow is down 2% :o
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Until they get some FDA approval I don't see this going up.
Someone was definitely acquiring a few weeks ago, though.
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Quote: 100xOddsdo pink sheet stocks require disclosing 5% shareholders?Quote: darkozQuote: 100xOddsDown another 11% to .68 and but the Dow is down 2% :o
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Until they get some FDA approval I don't see this going up.
Someone was definitely acquiring a few weeks ago, though.
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Yes they do.
David Welch had to announce.
He currently has 42 million shares.
Some of it is in warrants to exercise but he has to list that it's over 5% ownership. I've seen the notification or whatever you call it.
looks like someone dumped a whole bunch of shares
and today completely opposite behavior:Quote: 100xOddsInteresting.. last 2 hrs of trading the stock went into a mini-free fall but the general market was up +1%.
looks like someone dumped a whole bunch of shares
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Dow down 3% (1000 points) yet cydy barely dropped
Quote: 100xOddsyup,dropped another 8% today.Quote: 100xOddsI expect it to go back to .50.Quote: darkozWell it's gone up on no news.
I would be more concerned if it went up on news and then reversed
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It was at that lvl for a while before it started it's fast rise 2 weeks ago
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Placed a buy order at .50
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Does this mean...you're in?
Quote: darkoz
He currently has 42 million shares.
Is 42 million shares even 5% of the outstanding?
Quote: DRichQuote: darkoz
He currently has 42 million shares.
Is 42 million shares even 5% of the outstanding?
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It was last time I saw the information posted.
More shares may be outstanding now. If I remember correctly he had somewhere between 5 and 6%
no.Quote: MDawgQuote: 100xOddsyup,dropped another 8% today.Quote: 100xOddsI expect it to go back to .50.Quote: darkozWell it's gone up on no news.
I would be more concerned if it went up on news and then reversed
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It was at that lvl for a while before it started it's fast rise 2 weeks ago
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Placed a buy order at .50
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Does this mean...you're in?
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changed it lower.
might change it again to buy at 52wk low (.23/share)
This chart looks like the EKG of a dying man.Quote: MDawg
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Does this mean...you're in?
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Quote: 100xOdds
changed it lower.
might change it again to buy at 52wk low (.23/share)
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If you consider .50 a certain bottom for CYDY, now that it has re-tested it, it might very well go lower, so you're probably wise to wait.
Same as when a stock re-tests a resistance level, it might well break out.
Then again, CYDY is not exactly a typical stock, so it might go anywhere from here.
I view CYDY as something like a stock once called HEB, that is currently called AIM. I never bot any of their stock, but I know some who were involved with the company itself.
HEB/AIM has been trying to repackage/repurpose a drug called Ampligen for decades. Stock holders bought into the scheme on and off for years, until basically having giving up for some time now. But the company keeps coming up with more reasons for why it is still relevant. Knowing insiders, I know exactly how these schemes work.
AIM broke out once, otherwise it's gone nowhere.
So, on the negative side, this sort of Road to Nowhere is probably where CYDY will end up too. On the plus side, no matter how crappy a biotech company's drugs might be, if they are clever in presenting new hope in its prospects, the stock and the company will never die. Wilt and empty the pockets of stockholders all along the way, but not fade entirely.
So what's going on?
Quote: 100xOddsand it's up 20% today on no news from google when the market is down 1%.
So what's going on?
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There was an FDA warning letter issued in 2021 that comments as to the effectiveness of Leronlimab as claimed by the CEO had not yet been officially proven by FDA standards.
It seemed strange because several peer reviewer scientific research papers concluded what the CEO said was true.
At any rate that warning letter was forcibly posted on Cytodyn's official website. What a terrible look.
As of this morning that warning letter from the FDA has been removed. Since it was posted at the FDA request the speculation is the FDA in light of the evidence has backtracked and allowed that letter to be removed.
If they may claim a $100M valuation, why not CYDY too? 😆
Your Hometown Deli, the business at the center of the probe, was located in Paulsboro, New Jersey, over the Delaware River from Philadelphia. The deli, lauded for its cheesesteaks and Italian subs, made under $40,000 in annual revenue
Well, CYDY brought in a whopping $266K in revenue (ttm). (Resulting in a gross profit of negative -73.28M.)
Quote: MDawg$100 million N.J. deli scheme leads to federal charges against a man and his son
If they may claim a $100M valuation, why not CYDY too? 😆
Your Hometown Deli, the business at the center of the probe, was located in Paulsboro, New Jersey, over the Delaware River from Philadelphia. The deli, lauded for its cheesesteaks and Italian subs, made under $40,000 in annual revenue
Well, CYDY brought in a whopping $266K in revenue (ttm). (Resulting in a gross profit of negative -73.28M.)
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You KNOW this is an analogy with NO merit! There are many companies with NO REVENUE that eventually will be huge successes. How long did it take Tesla to have revenue?
None of my comment is meant to imply that CYDY will ever be a profitable company.
No revenue = dismal failure.
AMZN had massive revenue but eventually, also, net profit.
TSLA had good revenue too, but the problem (until somewhat recently), was lack of net profit.
CYDY with $266K revenue ttm is, in fact, a dismal failure and along the lines of the deli scheme store, in that the company is being constantly sued for allegedly cooking the books.
Quote: MDawgI think you made a typo. NO REVENUE? I think you meant no net profit!
No revenue = dismal failure.
AMZN had massive revenue but eventually, also, net profit.
TSLA had good revenue too, but the problem (until somewhat recently), was lack of net profit.
CYDY with $266K revenue ttm is, in fact, a dismal failure and along the lines of the deli scheme store, in that the company is being constantly sued for allegedly cooking the books.
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No typo! Startups often have no revenue until the product they are developing is salable. Tesla I’m sure had no revenue for years after its inception.
Twenty years later, only $266K revenue, claiming a $300M valuation, is verging on scam territory.
Quote: MDawgYou should have stuck with the typo explanation? in that CYDY has been around since 2002. Not a start up!
Twenty years later, only $266K revenue, claiming a $300M valuation, is verging on scam territory.
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Why show you don't understand how biotechs work?
They have been in direct submission with the FDA and years of clinical trials. If their drug was a scam molecule the FDA would have recognized it years ago.
The success of biotechs is very small. Approval rates for new drugs are like getting a script made in Hollywood. Very small success rate.
And they can't turn a profit until then.
The small revenue raised was from sales in the Philippines where they approved the drug but that's a small market.
It seems to be the norm now to compare things that are superficially alike but not really. I mean a delicatessen with a biotech comparison?
At least you may get a good sammich at the deli, what's on the menu at CYDY, other than failure and misrepresentation? How's the food at the CYDY company cafeteria, if they even have one?
again, no news from google
Quote: 100xOddsso why a 30% drop today?
again, no news from google
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Probably due to someone selling 5 shares.
if it breaches that, when's the next buy point?
any logical reason why besides it's 1/2?Quote: MDawgTwenty cents?
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(Like a pair of ragged claws scuttling across the floors of silent seas.)
ahh.. so 52 week low, which is .23Quote: MDawgThat's the low from which it rallied the last time it scuttled bottom.
(Like a pair of ragged claws scuttling across the floors of silent seas.)
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