(Total Views: 271)
Posted On: 02/25/2020 11:44:41 AM
Post# of 36566
I just visited the YMB circus. Even some of the true supporters are wigging out. I posted this there, so I thought I'd paste it here, even though everyone seems to be on the same page:
A few thoughts:
1) Don't worry about what your brokerage accounts say until they sort this out, which they will (call them, they are working on it). There are records that show how many shares you had/deserve, etc. There are erroneous calculations when things like this happen, showing false gains/losses, etc. Relax and give it a couple of days.
2) The stock price was adjusted by the MMs at the open today, as we expected. So 0.5646 was the div-adjusted price. We have traded above that ALL DAY so far, with no news from the company. That is a positive statement. It means the market sees value in clearing the dividend hurdle.
3) The price above .5646 today also means we lost NO VALUE for the NGIO shares we will receive, since the MMs had no way to calculate value. So when that begins to trade (whenever that is... 2 months?), that value in your account will basically be all gravy.
4) The div, as far as GNBT shares are concerned, were dilutive; but they didn't have any negative effect on your holdings. It was a wash (except for the NGIO bonus). The important thing is that the games being played with the SP because of the divs are over, Joe is now able to move forward on the S-1, the wheels have been slowly turning on Excellagen, etc., and as the price goes up, it will increasingly add to Joe's ability to access cheaper capital and move the machine.
We've been very patient, and this is a hugely important step that will soon reward that patience.
A few thoughts:
1) Don't worry about what your brokerage accounts say until they sort this out, which they will (call them, they are working on it). There are records that show how many shares you had/deserve, etc. There are erroneous calculations when things like this happen, showing false gains/losses, etc. Relax and give it a couple of days.
2) The stock price was adjusted by the MMs at the open today, as we expected. So 0.5646 was the div-adjusted price. We have traded above that ALL DAY so far, with no news from the company. That is a positive statement. It means the market sees value in clearing the dividend hurdle.
3) The price above .5646 today also means we lost NO VALUE for the NGIO shares we will receive, since the MMs had no way to calculate value. So when that begins to trade (whenever that is... 2 months?), that value in your account will basically be all gravy.
4) The div, as far as GNBT shares are concerned, were dilutive; but they didn't have any negative effect on your holdings. It was a wash (except for the NGIO bonus). The important thing is that the games being played with the SP because of the divs are over, Joe is now able to move forward on the S-1, the wheels have been slowly turning on Excellagen, etc., and as the price goes up, it will increasingly add to Joe's ability to access cheaper capital and move the machine.
We've been very patient, and this is a hugely important step that will soon reward that patience.
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