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Posted On: 02/26/2020 2:15:39 PM
Post# of 36541
My latest response to the YMB thread...
"Sorry all, I guess this Joseph is not the Joe I thought it was. However my statements here still stand. The company made a mistake and lumped the 2 dividends, GNBT and NGIO, together with the same record date, payable date and ex date. This did not even have this split/dividend listed on FINRA or OTC until this Monday morning 2/24/2020. So now GNBT wants to say that Finra is dictating that the private company spin out of NGIO does not need an ex date. Fine, but that is AFTER THE FACT. all last week, it was stated that NGIO would have an ex date of 2/25 so you could buy shares of GNBT and get both dividends. You can not come and change the terms after the fact. GNBT needs to pay the NGIO dividends to anyone that purchased between 2/17-2/24."
"Sorry all, I guess this Joseph is not the Joe I thought it was. However my statements here still stand. The company made a mistake and lumped the 2 dividends, GNBT and NGIO, together with the same record date, payable date and ex date. This did not even have this split/dividend listed on FINRA or OTC until this Monday morning 2/24/2020. So now GNBT wants to say that Finra is dictating that the private company spin out of NGIO does not need an ex date. Fine, but that is AFTER THE FACT. all last week, it was stated that NGIO would have an ex date of 2/25 so you could buy shares of GNBT and get both dividends. You can not come and change the terms after the fact. GNBT needs to pay the NGIO dividends to anyone that purchased between 2/17-2/24."
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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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