Investing in Cytodyn

Quote: 100xOdds

+10% but no news i can find?
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When a price increase of three cents equals a 10% price hike, that should be news enough.

(unconfirmed)
Someone bought 1M shares today

after many weeks at .40, it broke below .29.
but now it went up to .30.
.30 new support line?

Quote: 100xOdds

(unconfirmed)
Someone bought 1M shares today
link to original post

DarkOz can confirm his buy later.

I just tried to listen to and watch the Cytodyn presentation on their company update from last week. I made it through about 15 minutes and gave up. My $1000 investment, now worth about $100, is not enough to motivate my to sit through that.

Quote: DRich

I just tried to listen to and watch the Cytodyn presentation on their company update from last week. I made it through about 15 minutes and gave up. My $1000 investment, now worth about $100, is not enough to motivate my to sit through that.
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That's a shame. I'd hope you'd at least get some entertainment value for it.

Unrelated, but worth noting, is the FBI arrested eight men this week for pumping and dumping stocks on social media. They would find unrelated forums, pump up stocks and make it seem like there was great interest in a penny stock, encourage others to bring their friends in on the ground floor, and then dump it.

I read about that
https://www.justice.gov/opa/pr/eight-men-indicted-114-million-securities-fraud-scheme-orchestrated-through-social-media

In order to make a pump and dump fraud civil or criminal case, obviously there must be a

pump and dump

but also the pump must involved false misleading information - and the information must be more than mere subjective beliefs about how the stock is going to the moon (or the toilet)

and

the intent to dump must have been there at the time of the pump.

For example, DarkOz has pumped CYDY here at WOV since he found out about it, but whatever he has posted about the company he has had a genuine belief was true and could be more or less backed up by company press releases.

Even here

COVID BREAKTHROUGH

when he posted about how the government was about to make a major announcement about a breakthrough therapy for Covid and obviously hoped that the announcement might be about CYDY, he didn't go as far as to say that the announcement would be about leronlimab
https://wizardofvegas.com/forum/off-topic/off-topic/35028-covid-breakthrough/3/#post778814

https://wizardofvegas.com/forum/off-topic/off-topic/35028-covid-breakthrough/4/#post778830

so he posted nothing false or misleading,

and in any case, DarkOz tells us he has never sold any of his CYDY, even after it went many times higher than his average purchase price, so no dump.

I'm guessing the end is here so I might as well discuss it.

I already know BillRyan is going to pour it on. I personally will ignore his posts. Instead I will just count every negative post against me that he puts up. There's no need to be cruel but we know he probably will be.

Today the SEC/DOJ handed down the strangest fraud charges I have seen.

I say strange because the last two years there has been an arbitration between Cytodyn and it's CRO Amarex.

Amarex is an independent company that keeps track of the drug trials. They keep track of drug trials for several drug companies.

Amarex accused Cytodyn of ordering them to submit bad data.

Cytodyn has accused Amarex of creating and submitting faulty data.

Which side is correct? The case is still in arbitration (both sides saying the other owes them for the wrongdoing)

The DOJ just charged BOTH the former president of Cytodyn AND the former president of Amarex with the fraud.

I honestly didn't see that coming. These companies had become rivals. It's like an accusation that Clinton and Trump both conspired together in the 2016 election.

The DOJ charges also that the drug never had a chance at passing the HIV but it passed phase three monitoring by the FDA. (I HAVE READ THE FDA DOCUMENTS THEMSELVES).

So the FDA was also involved?

At any rate even if the charges prove false this is the end.

I admit I lost a ton of cash. About $80,000.

Cie la Vie

https://www.justice.gov/opa/pr/two-biotech-ceos-charged-securities-fraud-schemes?fbclid=IwAR1v4sNhOJVJAy9Hl0hDVOSMu1Yf_rLnBFYVWSK2mNIBHSuvGOy58Q16d0A

EDIT:. This doesn't mean I am selling. Still holding. At this point it's practically worthless to sell. You never know maybe something will turn around.

But I don't believe that it will

Quote: darkoz

I'm guessing the end is here so I might as well discuss it.

I already know BillRyan is going to pour it on. I personally will ignore his posts. Instead I will just count every negative post against me that he puts up. There's no need to be cruel but we know he probably will be.

Today the SEC/DOJ handed down the strangest fraud charges I have seen.

I say strange because the last two years there has been an arbitration between Cytodyn and it's CRO Amarex.

Amarex is an independent company that keeps track of the drug trials. They keep track of drug trials for several drug companies.

Amarex accused Cytodyn of ordering them to submit bad data.

Cytodyn has accused Amarex of creating and submitting faulty data.

Which side is correct? The case is still in arbitration (both sides saying the other owes them for the wrongdoing)

The DOJ just charged BOTH the former president of Cytodyn AND the former president of Amarex with the fraud.

I honestly didn't see that coming. These companies had become rivals. It's like an accusation that Clinton and Trump both conspired together in the 2016 election.

The DOJ charges also that the drug never had a chance at passing the HIV but it passed phase three monitoring by the FDA. (I HAVE READ THE FDA DOCUMENTS THEMSELVES).

So the FDA was also involved?

At any rate even if the charges prove false this is the end.

I admit I lost a ton of cash. About $80,000.

Cie la Vie

https://www.justice.gov/opa/pr/two-biotech-ceos-charged-securities-fraud-schemes?fbclid=IwAR1v4sNhOJVJAy9Hl0hDVOSMu1Yf_rLnBFYVWSK2mNIBHSuvGOy58Q16d0A

EDIT:. This doesn't mean I am selling. Still holding. At this point it's practically worthless to sell. You never know maybe something will turn around.

But I don't believe that it will
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Sorry to hear that man.

But look on the bright side....there's always BitCoin.