“So.....this is my thinking......when NP spoke,
Post# of 148190
I disagree. CYDY has netted tens of millions of dollars from the conversion of warrants over the past 6-8 months AND raised another $25 million from Fife on July 29th, 2020. Combine this with the $14.2 million CYDY had on hand on May 31st, 2020 and it’s very reasonable that CYDY will have approximately $30 million on hand on November 30th, 2020 (following the most recent $25 million raise with Fife and minus November costs).
“I mean he said "we will see he got a good deal."
IMO, NP made this comment because investors on the boards were discussing the $28 million deal, pointing out the 10% rate, the ratchet clause, and that CYDY had to start repaying the note at $7.5 million per month starting this month. NP or someone close to him read these posts and NP felt he should respond, telling investors that we’d have over $30 million in the bank at the end of November and that we’d see the deal (Fife deal) was good. Investors are reading too far into NP’s comments.
I’d welcome a great PR on November 30th to make my assumptions wrong, but I don’t feel like NP was hinting any pending news involving another $30 million or other significant news. We know the long haulers trial is pending approval, we know the U.S. combo HIV BLA is delayed until at least the spring, we know the Canada and U.K. combo BLAs will hopefully be filed by the end of 2020, and we know the 28 day data from the interim analysis is at least another 4-5 weeks away.