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Posted On: 09/10/2019 12:53:38 PM
Post# of 36564
Hylander, the last PR (last week on 9/6/19) mentioned the time line
https://finance.yahoo.com/news/generex-announ...08093.html
Also today, Generex is pleased to announce that Joe Moscato, President and Chief Executive Officer today began the legal and regulatory process to retire the 20,375,900 “Pool” shares he controls for the benefit of Generex. The process is expected to be completed next week . For clarity, prior to retiring the shares, there are 63,793,955 shares outstanding; with the retirement of the Pool, there will be 43,418,055 shares outstanding. The 20,375,900 shares remaining in the Pool will be returned to the Generex treasury.
https://finance.yahoo.com/news/generex-announ...08093.html
Quote:
Retiring Pool shares reduces outstanding shares from 63,793,955 shares to 43,418,055 shares, a 31.9% reduction in outstanding shares
Also today, Generex is pleased to announce that Joe Moscato, President and Chief Executive Officer today began the legal and regulatory process to retire the 20,375,900 “Pool” shares he controls for the benefit of Generex. The process is expected to be completed next week . For clarity, prior to retiring the shares, there are 63,793,955 shares outstanding; with the retirement of the Pool, there will be 43,418,055 shares outstanding. The 20,375,900 shares remaining in the Pool will be returned to the Generex treasury.
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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.
