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CytoDyn Inc CYDY
(Total Views: 674)
Posted On: 12/18/2020 6:48:56 PM
Post# of 153930
Posted By: MarcS
Re: ClosetInvestor #68812
Appears to be the conversion of $7.5 million of the recent Fife loan at $3.40 per share. Appears to be what Michael Mulholland was saying that they were satisfyingly the $7.5 million monthly obligation without cash with minimal dilution, if I recall correctly. This keeps $7.5 million in the CyDy bank account, and probably helps uplisting, as well, because it seems to increase the amount of assets CyDy has ($7.5 million cash) that would otherwise be required to be paid back.













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