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Posted On: 04/06/2019 12:48:44 PM
Post# of 36549
With all due respect msowid, that is not correct. The CEO and BOD work to maximize shareholder's value. Therefore shareholders have the right to question the company and CEO. My point is that it was absolutely gracious that Joe (and 3 others) donated their dividend stock back to GNBT to be used for our benefit. However now those are company shares to be used for the benefit of shareholders. So Joe still considering them his shares that he can do what he wants, if what amount he wants, is not correct.
Don't get me wrong, Joe is trying to make things work for us all. However is Veneto, with maybe $20M annual revenue, worth 8.4M shares of GNBT and 5.5M shares of NGIO, plus a 1 year guarantee at the $2.50 upmarket price that was promoted as great for us. It is not an upmarket price if we are guaranteeing that $2.50 and will give them 40% more shares in a year if we are at $1.50 or below. Joe last night commented that we won't be under $2.50/share in a year, but how does he know that?
Don't get me wrong, Joe is trying to make things work for us all. However is Veneto, with maybe $20M annual revenue, worth 8.4M shares of GNBT and 5.5M shares of NGIO, plus a 1 year guarantee at the $2.50 upmarket price that was promoted as great for us. It is not an upmarket price if we are guaranteeing that $2.50 and will give them 40% more shares in a year if we are at $1.50 or below. Joe last night commented that we won't be under $2.50/share in a year, but how does he know that?
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am sorry but i do want to go on a ledge and say that many of you all were out of line in questioning the ceo on what he is doing and what needs to be done.....we are shareholders, not insiders.....we don't know on the ongoing of everything that is transpiring or that will transpire....
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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.
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