I was probably a bit harsh on NP. But, I thin
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Posted On: 06/09/2021 11:37:10 AM
Re: Goosebumps #93208
I was probably a bit harsh on NP.
But, I think you are missing my point: NP's comment about cash was not accurate. You shouldn't rely on it and neither should other investors.
I just sent an email to the CYDY team to see if they would somehow like to retract the comment since it is quite clear and unequivocal. It is also not forward-looking, and it is recorded on video. 5x the $29 million balance on the Feb 29 10Q would be $145 million. With the litigation that CYDY management is facing, that comment is a bit reckless.
My original post on this topic was #93130. It was in reply to JLang, who posted this: "The company has the most cash it ever has, no new investment is needed."
The purpose of my post was to advise folks that new investment is needed, despite our relatively strong cash position. The company is always a few months from running out of cash. That wasn't really news. While I am often critical of NP, you will find that one thing I consistently give him credit for is not running out of cash. I also point out the risks of financing with Fife. On balance, it is better to finance with Fife than it is to run out of cash.
But, I think you are missing my point: NP's comment about cash was not accurate. You shouldn't rely on it and neither should other investors.
I just sent an email to the CYDY team to see if they would somehow like to retract the comment since it is quite clear and unequivocal. It is also not forward-looking, and it is recorded on video. 5x the $29 million balance on the Feb 29 10Q would be $145 million. With the litigation that CYDY management is facing, that comment is a bit reckless.
My original post on this topic was #93130. It was in reply to JLang, who posted this: "The company has the most cash it ever has, no new investment is needed."
The purpose of my post was to advise folks that new investment is needed, despite our relatively strong cash position. The company is always a few months from running out of cash. That wasn't really news. While I am often critical of NP, you will find that one thing I consistently give him credit for is not running out of cash. I also point out the risks of financing with Fife. On balance, it is better to finance with Fife than it is to run out of cash.
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