Well, the way it works is that GNBT would issue new shares to the investor at a recent 5-day avg SP and collect 92% of that value in cash. These shares then add to the float, and the investor sells them when they want to.

If Joe did that now, it would not only raise a paltry amount of money, it would cause severe dilution.

So unless the SP goes up... no finding, whether it’s approved or not...