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Posted On: 09/14/2020 6:37:28 AM
Post# of 36551
In regards to your second paragrph of your post (see quote below), TC, we all have to be fair as well, with Joe, here, as I think his initial intention was that he would have achieved a Nasdaq listing for both GNBT and NGIO last year already and then the "foul apple" problem occurred, related to Veneto Partners and CMF, which caused a major financial setback for him and GNBT in his attempt to jump start all these subsidiaries with capital from either the NGIO IPO or debt finacing that he had intended to acquire once GNBT would have been listed on Nasdaq.
That being said, it is hard to estimate the full amount of damage that VP and CMF have created for GNBT, and that even not factoring in the effect for NGIO it might have had (even in regards to a (earlier??) BARDA decision) if the Corona pandemic would have hit with NGIO being listed independently on Nasdaq.
It is a pitty, that now GNBT seems to not even follow this litigation against them any further, and that again FOR THE LACK of available funding. *puke*
Quote:
One criticism, with side of praise, is that Joe was over aggressive with the stock used to purchase all these companies. He had a great idea, used stock while it was hot, but then could not incorporate all the companies into one...yet. So we had/have revenue producing companies that seem to have stopped producing revenue for the past year. He would have been better keeping the extra shares that the insiders donated back to the company as ammunition and to get each company acclimated and under the GNBT umbrella producing to help fund the next company purchase. However hindsight is 20/20 and what is done is done right now.
That being said, it is hard to estimate the full amount of damage that VP and CMF have created for GNBT, and that even not factoring in the effect for NGIO it might have had (even in regards to a (earlier??) BARDA decision) if the Corona pandemic would have hit with NGIO being listed independently on Nasdaq.
It is a pitty, that now GNBT seems to not even follow this litigation against them any further, and that again FOR THE LACK of available funding. *puke*
Quote:
One criticism, with side of praise, is that Joe was over aggressive with the stock used to purchase all these companies. He had a great idea, used stock while it was hot, but then could not incorporate all the companies into one...yet. So we had/have revenue producing companies that seem to have stopped producing revenue for the past year. He would have been better keeping the extra shares that the insiders donated back to the company as ammunition and to get each company acclimated and under the GNBT umbrella producing to help fund the next company purchase. However hindsight is 20/20 and what is done is done right now.
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