(Total Views: 133)
Posted On: 01/04/2019 5:26:27 PM
Post# of 36566
Value that has been created...
I thought I would point out the value that has been created in the last 3 months. On 10/3/18, GNBT was trading at $0.11/share so Market cap about $110K (with 1M shares outstanding). On 10/4/18, GNBT announced the buying for the first tranche of Veneto and that starting the stock moving some, but still only $0.14/share. On 10/10/18, GNBT announces the stock dividend and that is when we starting moving and closed at $0.18/share that day and started up from there.
Now we are at $1.38/share with 60.29M shares outstanding, so a market cap of $83,200,200. So in 3 months, Joe and team have enabled GNBT to garner a market cap gain from $110K to $83,200,200, or 75,536% gain!
In simple math, 1 share @ $0.11 3 months ago is now worth 21 shares @ $1.38, so $28.98 from $0.11!
I would say Joe and team have brought tremendous value to us shareholders after so many years of losses! I look forward to our future!
I thought I would point out the value that has been created in the last 3 months. On 10/3/18, GNBT was trading at $0.11/share so Market cap about $110K (with 1M shares outstanding). On 10/4/18, GNBT announced the buying for the first tranche of Veneto and that starting the stock moving some, but still only $0.14/share. On 10/10/18, GNBT announces the stock dividend and that is when we starting moving and closed at $0.18/share that day and started up from there.
Now we are at $1.38/share with 60.29M shares outstanding, so a market cap of $83,200,200. So in 3 months, Joe and team have enabled GNBT to garner a market cap gain from $110K to $83,200,200, or 75,536% gain!
In simple math, 1 share @ $0.11 3 months ago is now worth 21 shares @ $1.38, so $28.98 from $0.11!
I would say Joe and team have brought tremendous value to us shareholders after so many years of losses! I look forward to our future!
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
