Investing in Cytodyn

To take CYDY all the way down to a penny or less (basically...trading only as a shell corporation that another company could take over to save on the costs of creating and registering a publicly tradable entity) would require CYDY itself being charged with fraud, or going entirely bankrupt and not being able to emerge from the bankruptcy.

That really bad news notwithstanding, the stock hasn't even dropped to its 52 week low yet, so there might still be a glimmer of hope ("You mean there's a chance").

I stand by my assessment that the mistake you made, DarkOz, was not selling when you had a nice profit at hand, which I believe happened more than twice even. For that you should be kicking yourself the same way I do after leaving a table game session behind, after having been up. Live and learn.

Quote: MDawg

To take CYDY all the way down to a penny or less (basically...trading only as a shell corporation that another company could take over to save on the costs of creating and registering a publicly tradable entity) would require CYDY itself being charged with fraud, or going entirely bankrupt and not being able to emerge from the bankruptcy.

That really bad news notwithstanding, the stock hasn't even dropped to its 52 week low yet, so there might still be a glimmer of hope ("You mean there's a chance").

I stand by my assessment that the mistake you made, DarkOz, was not selling when you had a nice profit at hand, which I believe happened more than twice even. For that you should be kicking yourself the same way I do after leaving a table game session behind, after having been up. Live and learn.
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Thanks

Hindsight is 20/20 and I was confident the drug was going to be proven successful based on the trial information at that point.

The CRO (trial data collection) is kept independent to prevent fraudulent reporting of data by the drug companies.

To find out the independent contractor and the drug CEO were in cahoots. Oh well.

Innocent until proven guilty. I am certain the FDA documents will be presented at trial.

And then there's the recent $5 million grant by the NIH to further study Leronlimab. The NIH got it wrong too?

https://www.pharmafile.com/news/675757/nih-grant-research-functional-cure-hiv

I told you it was a fraud from the start and you attacked me for it. I warned you the CEO was engaging in illegal shit and you mocked me over and over, saying I didn't know what I was talking about.
Why not admit I was right and simply apologize?

Quote: billryan

I told you it was a fraud from the start and you attacked me for it. I warned you the CEO was engaging in illegal shit and you mocked me over and over, saying I didn't know what I was talking about.
Why not admit I was right and simply apologize?
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I am still not convinced it's a fraud.

I know that's shocking but I am not the only one who has read the FDA documents, the NIH grant and several peer reviewer papers. Witness after the precipitous drop when the news broke how the stock already rallied back partially

What I am certain is that these charges are not good.

So I will hold off at least till the trial of DOJ is finished.

Not being funny but imagine if I apologise to you and then the DOJ isn't able to prove their case?

Also these charges are not against Cytodyn but their former CEO. The stock is not halted by the SEC yet.

Assuming a years long trial that's how long you have to wait for any apologies.

I absolutely blame Dakoz. He talked this stock up so much for so long I decided to invest $1000 in it at around $3. I expect Darkoz to buy me a drink or dinner everytime we see each other until my $900 loss is recouped. If not, I will buy him a drink or dinner because I really don't care..

Quote: DRich

I absolutely blame Dakoz. He talked this stock up so much for so long I decided to invest $1000 in it at around $3. I expect Darkoz to buy me a drink or dinner everytime we see each other until my $900 loss is recouped. If not, I will buy him a drink or dinner because I really don't care..
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I will make it more interesting.

Every time we see each other we will do a $100 pass line bet up to nine times.

If we win you keep the $100 profit. If we lose its my loss. That offer is for DRich only and void if the stock suddenly turns us a profit.

Maybe once a year at spring flings we can have fun together at the Craps tables lol.

Both of your posts perhaps explain why the stock dropped "only" 4 cents today.

So many buyers now at the point where "who cares, I've already lost almost everything, why sell now."

Quote: MDawg

Both of your posts perhaps explain why the stock dropped "only" 4 cents today.

So many buyers now at the point where "who cares, I've already lost almost everything, why sell now."
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Most years, this would be a good stock to dump and reduce your taxes on profits for the year, but not a lot of people made money on stocks this year. My main portfolio is down about 13%, but two much smaller ones are up 27%, and 22%, all from two beaten-down giants that are starting to awaken. My Advisor has a policy if your portfolio is down 15% for a calendar year, next year's fees are 50% off.

Quote: billryan

Most years, this would be a good stock to dump and reduce your taxes on profits for the year,

Thankfully, I rarely have to worry about taking profits. My stock picking is about as good as my roulette bets.

Up 25% today. What a deal.