I think CYDY is getting low-balled because people

I think CYDY is getting low-balled because people never want to pay more for something than they have to.

Regardless of CYDY's potential, right now it is an OTC-traded stock that sits at under .40 with a miserable capital structure (massive warrant overhang).

Right now, CYDY has to issue 10M new shares/warrants just to raise a little over $3M.

Unfortunately, unless there are multiple potential partners, CYDY has little to no leverage here to negotiate with a potential partner. I had hoped that sparkling TNBC results would create leverage where none existed previously, and this is where the TNBC delay, I believe, has proved especially crippling.

I assume most offers they've received to date have been the "take it or leave it" type, because the partner could justifiably view the deal as a lifeline for a company that currently doesn't have one (due to OTC/stock price/warrant overhang).

For its part, CYDY is probably unwilling to do a deal because the disconnect between current SP and reasonable future potential of this company is, frankly, staggering.

So we're left in this limbo where, in the absence of TNBC results or multiple bidders, CYDY clearly isn't willing to accept the deals that have been offered to date and can't create the leverage it needs to cut a better deal BUT needs non-dilutive funds to finally break the negative feedback loop the SP has been stuck in due to Paulson raises.

Only time will tell when the cycle will break. I have been hopeful, but my confidence in management is waning at this point.

If there is no deal by year-end, I will likely look to begin slowly reducing my position.

(I own approximately 400,000 shares, so I would LOVE to be wrong about this assessment.)