"CytoDyn at its sole discretion will control the timing and all sales of common stock to Yorkville and there are no warrants, derivatives or other share classes associated with the funding arrangement."
What is the likely path that CytoDyn will use in regards to the 30 million dollar funding option. Could CytoDyn direct an immediate buying spree to raise that $30 million. Does Yorkville have to buy on the open market? Is this one way to force a massive short squeeze if desired? Seems like this funding option has several advantages that protect share price should management need to do that. What is the best way to use this option? Has anyone ever seen this option employed? Seems to be more here than meets the eye or am I being disillusioned (lol).
What is the likely path that CytoDyn will use in regards to the 30 million dollar funding option. Could CytoDyn direct an immediate buying spree to raise that $30 million. Does Yorkville have to buy on the open market? Is this one way to force a massive short squeeze if desired? Seems like this funding option has several advantages that protect share price should management need to do that. What is the best way to use this option? Has anyone ever seen this option employed? Seems to be more here than meets the eye or am I being disillusioned (lol).
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