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Generex Biotechnology Corp GNBT
(Total Views: 301)
Posted On: 03/12/2020 2:04:21 PM
Post# of 36568
Posted By: Buildit
Soooo, excuse my ignorance on some of these matters... 2 Qs for the group:

1) What is in the Form 10 that cold not have come out sooner, perhaps more closely to the naming of the last board member? It seems to me, after a once-over, that this info was existing while we waited for the divs to clear and could have been issued sooner, especially since there is a 60 day waiting period.

2) There are 400MM shares. GNBT's holding ~362MM and Joe has about 3MM. That leaves the 35MM for us in the 2 spins... So we hold less than 10% of the shares.

So that would imply a huge value for NGIO, if we think me are still shooting for a $4/share NAS listing? And that would then leave GNBT with about 82MM shares to sell for working capital, deals, etc., if Joe wants to keep 70% internally.

The problem remains getting to the spin date, which appears to be summer time at the earliest. If we don't get a better SP to access the S-1 funding, close an Excellagen licensing deal, or pull off a win over Covid-19, where does the $ come from to stay in business, let alone close the AltuCell deal, etc.?













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