Voting the Proxy - voting deadline and raising cap
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Posted On: 07/10/2020 10:33:46 AM
Voting the Proxy - voting deadline and raising capital
Date: The proxy statement submitted to SEC it states: Votes submitted electronically must be received by 12:00 a.m., Pacific Time, on July 22, 2020
Case For:
1 - Need to raise capital to up-list to NASDAQ which should raise the stock price and inject some stability in the price as compared to the OTC
2 - Need to fund ongoing trials to keep the CCR5 pipeline moving as larger and better resourced companies will compete for the opportunity.
3 - It costs too much to raise capital via loans, just look at the March round of $17 MM funding at 10% annual interest accrual.
4 - The dilution likely has less impact than folks project as the stock will move on price momentum and price perception and less on current underlying financial value. This is very relevant today in current NASDAQ pricing, lets hope the current bubble doesn't burst before CYDY uplists.
5 - Since I have been watching the stock, early 2020 NP has demonstrated he is very conservative on spending and share dilution. In the call Thursday he gave an clear indication of this when he stated how the decision was made to select a distribution partner for LLM to meet the Covid need. They went with a company that has a good distribution network not buying a lot of extras. It is up to individual investors to determine the merits of the decision but on the surface it looks like a decision to not give away the farm upfront.
Date: The proxy statement submitted to SEC it states: Votes submitted electronically must be received by 12:00 a.m., Pacific Time, on July 22, 2020
Case For:
1 - Need to raise capital to up-list to NASDAQ which should raise the stock price and inject some stability in the price as compared to the OTC
2 - Need to fund ongoing trials to keep the CCR5 pipeline moving as larger and better resourced companies will compete for the opportunity.
3 - It costs too much to raise capital via loans, just look at the March round of $17 MM funding at 10% annual interest accrual.
4 - The dilution likely has less impact than folks project as the stock will move on price momentum and price perception and less on current underlying financial value. This is very relevant today in current NASDAQ pricing, lets hope the current bubble doesn't burst before CYDY uplists.
5 - Since I have been watching the stock, early 2020 NP has demonstrated he is very conservative on spending and share dilution. In the call Thursday he gave an clear indication of this when he stated how the decision was made to select a distribution partner for LLM to meet the Covid need. They went with a company that has a good distribution network not buying a lot of extras. It is up to individual investors to determine the merits of the decision but on the surface it looks like a decision to not give away the farm upfront.
(1)
(1)CytoDyn Inc (CYDY) Stock Research Links
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