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Posted On: 12/09/2019 10:49:01 AM
Post# of 36549
MIRAMAR, Fla., Dec. 09, 2019 (GLOBE NEWSWIRE) -- Generex Biotechnology Corporation(GNBT) today provided guidance on the postponed stock dividend. Tomorrow, Tuesday December 10, 2019 at 9:30 AM, Generex will announce the new pay date and ex-date for the dividend and will announce a new configuration for the dividend as well as an additional benefit for shareholders.
Joe Moscato, Generex President & CEO stated, “This dividend has been hampered by problems just like the first 20 to 1 dividend that Generex gave shareholders last year. The company appreciates and has a responsibility to shareholders to provide value for their investment, that is what we have delivered over the last 2 years, and I will continue to do into the future. After an extensive legal and regulatory legal review of the problems we have faced in the last few weeks, we will do all things necessary in the future to ensure that the company and its shareholders rights are protected, and tomorrow’s announcements will begin that process.”
Joe Moscato, Generex President & CEO stated, “This dividend has been hampered by problems just like the first 20 to 1 dividend that Generex gave shareholders last year. The company appreciates and has a responsibility to shareholders to provide value for their investment, that is what we have delivered over the last 2 years, and I will continue to do into the future. After an extensive legal and regulatory legal review of the problems we have faced in the last few weeks, we will do all things necessary in the future to ensure that the company and its shareholders rights are protected, and tomorrow’s announcements will begin that process.”
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