Doc, that is exactly Joe's point - the action of CMF affected all shareholders, not just from a pps perspective, but from a possible dividend/% of equity perspective. This is why what CMF did is so insidious - not only did they make money on the transaction, they screwed the rest of us into the future. Frankly, depending on what the legal "experts" tell Joe as being GNBT's recourse, there appears to be a huge liability lawsuit against CMF. However, GNBT will undoubtedly get swept into the morass, even though they had nothing to do with it.

One thing I hope Joe does after he gets his legal opinions is put out a very loud PR (shared at conferences, with the SEC, hell, even TV or radio) that tells the world about CMF's unreliability to adhere to an agreement. I would think that would be a kiss of death for a funding group - they can't be trusted to keep their word or their agreements. And they did it for their advantage at the cost of other restricted shareholders and regular shareholders. Do business with that group at your own risk, and preferably, do no business with them at all. Can't be slander (or libel) since the truth is an absolute defense.

My wife walked in at about the 2:15 mark on the call - we were planning on running some errands. I had to jump off the call (who knew it was going to go that long) but I also had to explain to her why one of the callers was screaming at Joe and he was screaming back. That led to the whole history of GNBT and what this potentially means to the estimated timing of the stock advancing. She took it quite well, but told me that if this affected her retirement plans in 2 years she was going to be pissed!