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  4. CytoDyn Inc (CYDY) Message Board

The big seller alps got 500k shares last week, whi

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Post# of 155037
(Total Views: 342)
Posted On: 06/17/2019 12:52:34 PM
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Posted By: trding
Re: ClosetInvestor #4056
The big seller alps got 500k shares last week, which they should be about through. I was saying they have not gotten additional shares yet. I don't know if they will or not, cydy has the option to give cash instead of shares when the note requests payment, with just getting $12M from the TO, maybe they give cash next time. That will more than likely determine the price range short term. If alps continues to be the only big seller they will try to avoid pushing the sp down as much as possible, the higher the price the more profit they get from their shares. The algorithm attempts to get the best price will still providing volume to sell the shares, moving the price down slowly to help with volume when it is needed. Without those additional shares this could break 48c, with those additional shares this might drop down to 40c. I don't know, but the O/S movement along with l2 should tell us if they get additional shares over the next few days.




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