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Generex Biotechnology Corp GNBT
(Total Views: 306)
Posted On: 03/10/2020 6:19:09 AM
Post# of 36566
Posted By: docj
Re: Beasley #14010
From the Jan CC:

Item 7. ALTuCELL is scheduled to close as soon as the dividend is paid out
and we can price the S-1 financing. This dividend hold-up now has delayed
this closing and we are in the process of working on an extension with the
company. We are confident this would happen and we can close this last
acquisition within the next 30 days pending the dividend payment and S-1 is
effected to bring in the funding.

From the Feb CC:

Okay, we would like to discuss the other areas as a quick update. Then we will
get to questions and answers. All, we are in the process of closing. That closing
will take place immediately after the dividend is paid. The X date is over. Then
we can price our S1 which we filed and is up there. We are just waiting now for
the addendum of the deal. We believe that that closing will take place
immediately after the dividend is paid to all of our shareholders. Our big thing is
everything is a lynchpin on that dividend being paid. It is our S1 funding, our S1
completion, as well as all the other maintenance Generex needs to do moving
forward


___________________________________________________________



So, we are definitely past "immediately" after the dividend. Time for an update.













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