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Posted On: 12/02/2019 10:48:33 PM
Post# of 36549
Creek, I kinda answered that is a later post. If CMF buys 2M restricted shares from GNBT for $5M, then GNBT buys $5M worth in the open market (probably at least 2M shares with that $5M), then GNBT can use those 2M+ shares to make the non due bill shareholders whole. Net effect would be 2M +/- shares more in the float.
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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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