Yes, NP stated at the Annual Shareholder meeting (
Post# of 153966
(Total Views: 443)
Posted On: 10/09/2019 12:34:25 PM
Yes, NP stated at the Annual Shareholder meeting (6 weeks would be ~23 Oct 2019) is the time the potential license partner had to review and make a decision on the NBA.
This quiet period may also be the primary reason for the last minute shareholder meeting......to explain they will be in a quiet period for a few weeks in hopes of avoiding the panic that likely would've likely insued with no explanation during such a long period with lack of news or PRs.
I'm very optomistic we will hear something in the next couple of weeks for a few reasons:
1) the company expects a substantial license agreement and/or financing
2) if not they would be trying to raise funds already given their cash position
3) NP made comments like 'very solid agreement', 'financing secured', $90M payments, 'quiet period'
https://en.wikipedia.org/wiki/Quiet_period
I'm ready to wake up and read these PRs!
This quiet period may also be the primary reason for the last minute shareholder meeting......to explain they will be in a quiet period for a few weeks in hopes of avoiding the panic that likely would've likely insued with no explanation during such a long period with lack of news or PRs.
I'm very optomistic we will hear something in the next couple of weeks for a few reasons:
1) the company expects a substantial license agreement and/or financing
2) if not they would be trying to raise funds already given their cash position
3) NP made comments like 'very solid agreement', 'financing secured', $90M payments, 'quiet period'
https://en.wikipedia.org/wiki/Quiet_period
I'm ready to wake up and read these PRs!
(2)
(0)CytoDyn Inc (CYDY) Stock Research Links
Please do your own due diligence. All my posts and comments are not to be considered investment advice.