I have a friend who has been a successful broker for decades with Morgan Keegan who was bought out by Raymond James. Instead of retiring, he went to Paulson and put me in a couple of deals. Paulson pushes a lot of crap, but the two he put me in both had good runs and are still in good shape. He pitched this to me after the second deal doubled in 2 weeks after IPO, so I bit with very little research. I'm a real estate investor by day, so even if I read everything about CYDY at the time, I wouldn't have understood it to nearly the level I do today- and I still have a long way to go. Anyway, I bought into a private offering just at they hit the PE on Phase 3 of the combo HIV trial thinking that this company would be sold in a year and I would get paid out on shares and warrants....my confidence was rattled a handful of times since, but I really saw the opportunity with the cancer platform, and I talked two others into the next PIPE.
So here I am, still wondering if I really got lucky enough to have blindly bought into a company with this much potential. I'm way ahead of the game here now, but there is just no way I can sell until I see what the cancer trials do. I told my wife we could cash out when it was $1.20 and have all my kids tuition paid for, or we can ride it out and maybe retire early. We're in it to win it.
So here I am, still wondering if I really got lucky enough to have blindly bought into a company with this much potential. I'm way ahead of the game here now, but there is just no way I can sell until I see what the cancer trials do. I told my wife we could cash out when it was $1.20 and have all my kids tuition paid for, or we can ride it out and maybe retire early. We're in it to win it.
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