Cytodyn (CYDY) - Fully Diluted MCAP Development
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Contributor Since 2017
Finding value in the sea of sand.
https://finesand.wordpress.com/
Summary
- AS steadily increased to cover Warrants from offering.
- Hence fully diluted MCAP is based more so on the AS.
- Comparing both MCAP valuations, on OS and AS.
Sadly ycharts doesn't allow to show the AS development.
But you see AS grew by ~56% from 450M to 700M since 4Q18.
$0.50 x 450M AS = $225M MCAP-AS in 4Q18 implies a same value of $0.32 at 700M AS today.
However, last fund raising via toxic convertibles happened 15% below market price and at $0.30. Last two TO's in the range of $0.20 - $0.26.
OS
- 2010-03-12 18.95M, AS 25M (10-K)
- 2010-04-29 xx.yyM, AS 100M (10-K) ***
- 2010-11-30 20.94M, AS 100M (10-K)
- 2012-07-31 29.21M, AS 100M (10-K)
- 2013-07-31 30.80M, AS 100M (10-K)
- 2014-06-30 55.75M, AS 100M (10-K)
- 2015-06-30 70.14M AS 200M (10-K) *** (AS+ on 2015-05-31)
- 2016-05-31 123.34M, AS 250M (10-Q) ***
- 2016-08-31 124.88M, AS 350M (10-Q) ***
- 2016-09-30 128.22M (10-Q)
- 2016-12-12 138.22M (Pre offering from 2016-12-12)
- 2016-12-31 142.22M (10-Q)
- 2017-01-26 142.22M (424b5) ???
- 2017-02-28 149.47M (10-K), authorized 350M
- 2017-03-31 149.47M (10-K)- 2017-12-31 169.86M
- 2018-03-31 212.08M AS 375M ***
- 2018-04-30 212.08M (def14a 2018-05-08)
- 2018-05-22 216.72M (424b5 2018-05-22)
- 2018-06-07 216.72M AS 450M ***
- 2018-09-28 255.76M 10-Q
- 2018-12-20 292.67M AS 600M ***
- 2018-02-07 302.58M AS 600M + 224.78M = 527.36M fully diluted
- 2019-05-xx xyz.xzM AS 700M ***
- 2019-08-29 376.76M AS 700M ***
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.