Thank you as always Trding! I knew there were

Thank you as always Trding!

I knew there were some additional cost such as the bonus shares issued when inking the deal, but I view that as sunk cost and the only additional cost of keeping the note open now is the interest rate.

I understand that the can pay the $350,000 in cash or issue shares for payment.

The Note allows the Company to satisfy its redemption obligations in shares of Common Stock, in addition to in cash, with the shares of Common Stock valued at a 15% discount to the lowest bid price within the 20 trading days immediately preceding any redemption notice to the Company.

Here is another excerpt from the 10-Q:

The Investor may redeem any portion of the January 2019 Note, at any time after six months from the issue date upon five trading days’ notice, subject to a maximum monthly redemption amount of $350,000. The monthly redemption amount may be paid in cash or stock, at the Company’s election, at the lesser of (i) $0.50, or (ii) the lowest closing bid price of the Company’s common stock during the 20 days prior to the conversion, multiplied by a conversion factor of 85%........'The company' being CytoDyn.

Either way, we agree these would be best if paid off or at minimum not paid with shares.

Please do your own due diligence. All my posts and comments are not to be considered investment advice.