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  4. CytoDyn Inc (CYDY) Message Board

My take on the S3-the shares I have from a private

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Post# of 153863
(Total Views: 767)
Posted On: 05/01/2020 9:49:53 AM
Posted By: IndexGuy
My take on the S3-the shares I have from a private offering are not registered per my Paulson broker. Somebody may have covered this last night, so apologies if this is redundant. My unregistered shares are held by Computershare, and to be able to sell, I have to get them registered by CYDY and then initiate a sell order. Due to the run up in price, I was told that CYDY temporarily held up registering shares, which didn't sit well with me even though I didn't want to sell. This is a backlog of folks who wanted to register shares in the past two months. The rub here- and what scares me about seeing a huge number of shares identified on this S3- is that according to the way this is set up, I would have to pay a $225 fee to register, and then I only have a 90 day window to sell. If I don't sell in that period of time, they are locked back up and I have to go through the same procedure to unlock. I did not register mine because I was not thinking sale in the near term and I'm not going to throw even a nominal fee out the window just to have to do it again down the road. Clearly others have at least some intent to sell. Now I'm not sure that everyone has the same rules, but I sure don't want to think that there are 46M shares teed up to create selling pressure out there.


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