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Posted On: 04/30/2020 9:01:18 PM
Post# of 148903
Brman, this is not just a reply to you but for the benefit of the board.
This S3 filing does not indicate any new issuance of securities by CYDY. It relates to prior offerings which have already been disclosed.
To make a long story short, all securities offerings must be either registered or exempt. Only registered securities are publicly tradable. CYDY has raised money in the past year through both methods.
Anytime a company raises money through exempt offerings, whether the company is public or not, as part of the offering the buyer's counsel will negotiate a requirement for the company (CYDY in this case) to register the securities that were issued under an exemption so that the buyer will eventually have liquidity to sell their securities in the public market.
This S3 is CYDY undoubtedly complying with the requirements to register securities that were issued in prior offerings.
Sorry if this is more than you wanted to know. I just wanted to make it clear that this is not new dilution.
That is not to say it will not affect the share price, because it certainly is new publicly tradable securities. I will add, though, that just because the securities are registered doesn't mean the holders intend to sell.
GLTU
This S3 filing does not indicate any new issuance of securities by CYDY. It relates to prior offerings which have already been disclosed.
To make a long story short, all securities offerings must be either registered or exempt. Only registered securities are publicly tradable. CYDY has raised money in the past year through both methods.
Anytime a company raises money through exempt offerings, whether the company is public or not, as part of the offering the buyer's counsel will negotiate a requirement for the company (CYDY in this case) to register the securities that were issued under an exemption so that the buyer will eventually have liquidity to sell their securities in the public market.
This S3 is CYDY undoubtedly complying with the requirements to register securities that were issued in prior offerings.
Sorry if this is more than you wanted to know. I just wanted to make it clear that this is not new dilution.
That is not to say it will not affect the share price, because it certainly is new publicly tradable securities. I will add, though, that just because the securities are registered doesn't mean the holders intend to sell.
GLTU
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