Bucket Shops

Which Country Will Not Be Granting Cytodyn an EUA Anytime Soon? (CYDY)

For months now, everyone’s favorite reverse-merger pink sheet Coronacrapper, Cytodyn (CYDY), its CEO The NaDDir* and his klown krew, have been hyping up the potential for its only product, affectionately referred to as loserlimab, in the Philippines. As with all things Cytodyn, this has been just more ridiculous hype.

Recall when The NaDDir* was making the rounds of every Youtube doctors’ shows? Back on September 22, 2020, on something called the Dr. Been Show, The NaDDir* was not just positive, but VERY VERY positive about the Philippines:

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Christmas Eve Quick Take: Who Clearly Has No Clue What an Open Label Extension is? (CYDY)

Leave it to everyone’s favorite reverse-merger pink sheet Coronacrapper, Cytodyn (CYDY), its CEO The NaDDir* and his klown krew, to gift the world an absolutely stunning Christmas Eve Surprise in the form of a 7:45pm press release even more insane than their previous holiday stunners. The press release, like many, is designed to draw attention away from the real news, and instead focus the attention of inexperienced retail investors on some truly misleading hype. First the “shiny object” to distract:

Sadly, these morons have absolutely no clue what an Open Label Extension (OLE) is, and neither do their investors that are being pumped, dumped and chumped. The Klown Krew are claiming that the Open Label Extension will allow the company to enroll additional patients who will all receive loserlimab. This is NOT what an OLE is, nor what it allows. Here is some background reading on Open Label Extensions. From the British Medical Journal:

Given that CYDY constantly declares loserlimab is safe, why would they choose to do an OLE, when OLEs are meant to collect even more safety data? The article continues:

More from the Journal of Medical Ethics here. And since the extension is open label, the data is almost certainly useless, as explained by Applied Clinical Trials, here:

As one now knows, an OLE is merely an, often shady, continuation of an existing clinical trial designed to collect safety data that allows all of the patients already enrolled in an existing trial the following:

  1. Existing patients can choose to participate and thus are guaranteed to receive (or continue to receive) the study drug.
  2. Existing patients can continue to be monitored past the study completion date.

Which of these two possibilities explains why Cytodyn would be asking the FDA for guidance on extending the much hyped CD12 trial of loserlimab in severe-to-critical Covid-19? According to The NaDDir* patients are only given loserlimab on days 0 and 7, they do not continue to receive loserlimab. From the October 20, 2020 CONference call:

This eliminates the first reason. Existing patients who choose to continue will not receive any more loserlimab, since they already received their two doses. Which leaves us with the second reason. The company is trying to find a way to continue to monitor patients after the 28 day mark. Why?

Perhaps because the DSMC asked for an analysis at 42 days. Recall back in October, when The NaDDir* explained they had to get 42 day data:

and then only a few weeks later, on December 10th, The NaDDir* abruptly changed his mind and announced that there would be no second interim analysis and no look at 42 days?

The OLE would allow for the company to continue to collect data past the 28 day mark. Our guess is that someone demanded the 42 day look and to save face Cytodyn is putting up a blatant smokescreen to distract people.

If that is the distraction, what is the real news that Cytodyn management is trying to bury? That is easy. Look at the bizarrely worded final statement from The NaDDir*:

Far from being the “amazing” trial that The NaDDir* announced, the CD10 trial of loserlimab in mild-to-moderate Covid-19 failed. Obviously. And completely.

[Did you know Cytodyn is being sued by a group of former directors? What to know why? See here and here.]

[Did you know Loserlimab has virtually no chance of ever getting an EUA in the United States? Want to know why? See here.]

[Did you know Cytodyn’s claims of non-dilutive financings (with notorious penny stock player John M. Fife) are complete bullshit? They are highly dilutive. Learn more here.]

* Spelled Thusly For A Double Dose of That Sweet Sweet Stock Pimping

THE CONTENT CONTAINED IN THIS BLOG REPRESENTS ONLY THE OPINIONS OF THE AUTHOR. THE AUTHOR MAY HOLD EITHER LONG OR SHORT POSITIONS IN SECURITIES OF VARIOUS COMPANIES DISCUSSED IN THE BLOG. THIS COMMENTARY IN NO WAY CONSTITUTES INVESTMENT ADVICE, AND SHOULD NEVER BE RELIED ON IN MAKING AN INVESTMENT DECISION, EVER. THIS BLOG IS NOT A SOLICITATION OF BUSINESS: ALL INQUIRIES WILL BE IGNORED. THE CONTENT HEREIN IS INTENDED SOLELY FOR THE ENTERTAINMENT OF THE READER, AND THE AUTHOR.

Christmas Week Quick Take 2: What NASDAQ Listing Nonsense Are The Cytodyn Shills Spewing Today? (CYDY)

What ridiculousness are the stock promoting shills for everyone’s favorite reverse-merger pink sheet Coronacrapper, Cytodyn (CYDY), spewing in this holiday-shortened, and retail trader dominated week? Today it is some epic nonsense about a supposed Nasdaq “uplisting.” Say the shills:

The $4 level is referring to the Nasdaq’s $4 Minimum Bid Price requirement. The problem is that, barring epic improvements in Cytodyn’s financial situation by the time the current (February-ending) quarter ends, the company must meet the $4 minimum bid price test for 90 days, not 5. Which will require another 85 consecutive days of trading above the $4 requirement. Just look up the requirements for yourself at the Nasdaq’s website where you will find out that:

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What Did Cytodyne Bury In the Mid-December S3 Filing? (CYDY)

Hidden in the recent S-3 that everyone’s favorite reverse-merger pink sheet Coronacrapper, Cytodyn (CYDY), filed after the close on the 17th of December was an interesting paragraph providing more details on a transaction the company did back in March of this year. One may remember it from way back when the shares really started to catch the eye of bored, stuck-at-home, retail investors in the USA, and, somewhat inexplicably, Germany. The press release announcing the deal appears misleading at best, knowingly false at worst, and designed to sucker retail no matter what, especially given the conversion price was stated to be far higher than the market price at the time.

The deluded investors buying the shares would guess, given the scant details in the press release, that the note would be convertible into 3.333mm shares ($15mm/$4.50). The only true statements appear to be that Cytodyn completed a financing, someone invested, and there were no warrants attached. Everything else turned out to be untrue. All the details can be gleaned from this paragraph from the recent S-3:

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Sunday Funday – What Else Doesn’t Cytodyn Want Investors To Learn? (CYDY)

Last Friday after the bell everyone’s favorite reverse-merger pink sheet Coronacrapper, Cytodyn (CYDY), filed a new Form S-3 revealing (as predicted) the supposedly “above market non-dilutive” deals with penny stock financier John M. Fife were actually highly dilutive forward-priced time bombs. Read about those deals here and here, and background about John here here and here.

We will explore that filing in more detail very soon. For the moment, however, we should not lose momentum in uncovering all of the dirty secrets The NaDDir* and his klown krew of kreme de la kreme managers don’t want investors to ever learn about. You know, the details in the lawsuit Alpha Venture Capital Partners LP v Cytodyn (CYDY), Pourhassan, et al. (Delaware Chancery Court 2020-0307-PAF) dated April 24, 2020. The one the company doesn’t properly disclose to investors, making it highly unlikely any of them would learn of its existence. Notice anything missing in this listing of legal proceedings involving Cytodyn?

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Update: Guess Who is (yet again) still not participating in the Loserlimab Trial? (CYDY)

While we all anxiously await today’s no-live-q&a CONference call by everyone’s favorite reverse-merger pink sheet Coronacrapper, Cytodyn (CYDY), let’s take a look at the status of their much-hyped “CD12” trial of loserlimab in severe-to-critical Covid patients.

For many months now, Cytodyn’s CEO, affectionately known in these parts as The NaDDir* and his Klown Krew have been talking up potential business in the UK. As early as April 27th, they made claims about starting the process for “Compassionate Use” of loserlimab, and starting trials, in the UK:

Then without much more from the company, this bizarre press release was issued on August 7th. No mention of the trials, and no mention of Compassionate Use, instead Cytodyn claimed they would submit their BLA for HIV and request Emergency Approval in the UK during August:

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Quick Take: What Craziness is Cytodyn Pivoting to Today? (CYDY)

That was fast. Just last Friday we predicted everyone’s favorite reverse-merger pink sheet Coronacrapper, Cytodyn (CYDY) would need to spin a new yarn for its legions of rabid retail fans. With the likelihood of the delusional fantasy of an EUA for treating severe-to-critical Covid patients dropping to virtually 0% (read why here), the company has wasted no time in pivoting to the next nonsense. They have just issued a press release that could be the dictionary definition of the “post hoc ergo propter hoc” fallacy:

And the first patient, from prior CONference calls we know she is none other than The NaDDir’s* Mother-in-Law:

Notice what is missing from both patient anecdotes?

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Quick Take: What Cytodelusion Actually Died Last Night? (CYDY)

Although few of them might have realized it when they woke up this morning, but for the rabid retail fanbase of everyone’s favorite reverse-merger pink sheet Coronacrapper, Cytodyn (CYDY), today is the day their delusions about being granted an EUA for treating Severe-to-Critical patients with Covid-19 died.

Why? The answer is in section 564 of the Federal Food, Drug, and Cosmetic Act, as explained here:

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Who’s STILL Not Participating in CYTODYN’S Ridiculous Loserlimab Trial? (CYDY)

While we wait for everyone’s favorite reverse-merger pink sheet Coronacrapper, Cytodyn (CYDY), to finally release the much hyped, and delayed-yet-again (see last night’s press release from the Cytocrew here and an absolute howler of stock promoting stupidity here), interim results from their latest trial (sometimes called CD12) of loserlimab (sometimes called PRO140 or leronlimab) in Severe-To-Critical Covid-19, let’s catch up on what the company has been up to the last few weeks.

Since announcing that the interim enrollment milestone was reached on August 25th the company has had several arduous tasks in front of it:

First, The NaDDer* and his trusty clinical trial wizard, Kooosh Doody had to remember that August has 31 days, so they needed to check on whether the last patient was dead or alive on September 22nd. Then they needed to tally up all the mortality events. It took these geniuses eight days, but they did it, and on September 30th they announced to the world that there were, supposedly, 45 deaths in the trial.

Supposedly? Because it seems they weren’t exactly sure, that’s why that little tilde is hanging out there before the ’45’. Those complicated ordinal numbers. The rigors of higher math. After the deaths are counted, the Data Safety Monitoring Committee (DSMC) is usually the team tasked with seeing if the deaths occurred in Group A or Group B, putting those numbers into a spreadsheet (one so simple any 1st semester or AP Stats student could do it in under 5 minutes), determining if there is a statistically significant difference between the groups, making a recommendation, and finally reporting the results.

What should have taken 15 extra minutes on the 30th of September, takes an additional 20 days in Cytoworld.

While all this has been going on, of course, Cytodyn and the CD12 trial have not been standing still, or have they?

Recall that in late August two sites, Eisenhower Health in California and Yale-New Haven in Connecticut, dropped out of the CD12 trial (read more about that here). One might also recall that on August 20th Cytodyn claimed they would start enrolling patients in the UK “immediately”

On September 2nd they backtracked on that claim, but insisted that UK study could now be “officially initiated”:

Guess that wasn’t true either, because on the 30th of September the company provided this update on clinical trial enrollment in the UK:

Fast forward to today, the 16th of October, and a peek at the list of trial locations on both Clinicaltrials.gov and Cytodyn’s own website, show that the September 30th “update” was just another empty promise (polite term for bullshit) from the Cytodyn Klown Krew. There are still no UK sites for the CD12 trial. Both sources show 14 sites, and not a single one in the UK.

Even if progress in the UK has been stalled, the company surely must be chugging along in the USA, right? After all, as The NaDDer* constantly tells his loyal shareholder base “we are in pandemic!”.

How is trial enrollment going? We know from the press release cited above that on August 25th there were 195 patients enrolled. From a depressing (for Cytodyn believers) presentation given by Dr. Harish “Sad Sack” Seethamraju (available here) it was revealed that on September 4th enrollment was up to 220 patients.

Which makes the trial update from the 30th of September from above all the more curious. Why? Look again:

Why would there be no additional patients enrolled in almost a month? Want our guess?

Simple: “Pausing” a trial by stopping enrollment means never having to say it failed….the company can just pivot to the next pipe dream.

All is not lost, however, the Klown Krew has actually been hard at work. They did manage to get the shareholders to approve a huge, partially retroactive, options package for them on the 30th of September. They even filed an S-8 to register those shares later that same day (see here)! And the next day filed a flurry of Form 4s with the SEC to show where the goodies were distributed. Enrollment might be paused, the study might have failed, but The NaDDer* never stops cashing in while double-dosing the retail shareholder base with his sweet sweet stock pimping.

THE CONTENT CONTAINED IN THIS BLOG REPRESENTS ONLY THE OPINIONS OF THE AUTHOR. THE AUTHOR MAY HOLD EITHER LONG OR SHORT POSITIONS IN SECURITIES OF VARIOUS COMPANIES DISCUSSED IN THE BLOG. THIS COMMENTARY IN NO WAY CONSTITUTES INVESTMENT ADVICE, AND SHOULD NEVER BE RELIED ON IN MAKING AN INVESTMENT DECISION, EVER. THIS BLOG IS NOT A SOLICITATION OF BUSINESS: ALL INQUIRIES WILL BE IGNORED. THE CONTENT HEREIN IS INTENDED SOLELY FOR THE ENTERTAINMENT OF THE READER, AND THE AUTHOR.

*The NaDDer