If paying with cash you shouldn't have to file any
Post# of 154115
(Total Views: 542)
Posted On: 02/27/2021 9:53:39 AM
If paying with cash you shouldn't have to file anything with SEC. Companies don't have to file anything anytime they make a loan payment...but anything to do with issuing more shares they do.
This isn't necessarily indicative of anything, but something I was keeping my eye on simply because I assumed CYDY was stock piling cash to attempt to qualify for the positive shareholder equity the Nasdaq requires. Perhaps hoping warrant redemptions would get them there. Then I postulated that if they used this cash its because they are assuming more is coming to replenish.
Like I said, its speculation. Another poster PM'd me to say they think the January filing may have been for December so its possible they used part of the 30m they had in cash at the end of November (per the last 10Q) for January and February. I don't know for sure, but I know nothing filed in February suggests more shares were issued to Mr. Fife.
Looking forward to finally hearing the results, because there is only so much speculation one can do.
This isn't necessarily indicative of anything, but something I was keeping my eye on simply because I assumed CYDY was stock piling cash to attempt to qualify for the positive shareholder equity the Nasdaq requires. Perhaps hoping warrant redemptions would get them there. Then I postulated that if they used this cash its because they are assuming more is coming to replenish.
Like I said, its speculation. Another poster PM'd me to say they think the January filing may have been for December so its possible they used part of the 30m they had in cash at the end of November (per the last 10Q) for January and February. I don't know for sure, but I know nothing filed in February suggests more shares were issued to Mr. Fife.
Looking forward to finally hearing the results, because there is only so much speculation one can do.
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