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Generex Biotechnology Corp GNBT
(Total Views: 292)
Posted On: 01/01/2020 2:34:29 PM
Post# of 36566
Posted By: Paul Jackson
Re: SeekingAlfa #10464
Thanks SeekingAlfa for your insights!

I do have a question - would you or someone please explain why it takes a lot of funding to sell Excellagen? A while ago, I think I saw on LinkIn that GNBT was hiring commission only salespeople...

__________

SeekingAlfa wrote -

Until the GNBT gets its financing, it is ridiculous to think that ALTuCELL could be closed [if you looked at the terms].

It also not reasonable to expect much from Excellagen without the financing.

Moreover, NGIO listing and GNBT listing and just about everything hinges on the financing.

The happy thing is that the S-1 has been completed, and remember:

CEO Joe Moscato has raised over $300 million for GNBT, and I think will be adding another block of financing in the new year.

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