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Posted On: 03/03/2021 10:48:18 AM
Post# of 36541
rvbpk,
If I recall correctly, when the GNBT/NGIO workers were to get paid last month, they could have also been given shares of GNBT. If I am right, only the top executives and directors are required to give that info to the SEC via a Form 3. If any of them got additional shares, the Form 3 should be showing up this month (within 30 days). As for the “common” folks, their shares would not be reported. If I am right, I doubt anyone working at GNBT, knowing what is coming down the pike, would sell their shares for “chump change”. It could also be construed as insider trading. I didn’t see any “dumping” of shares lately, like what was happening last year with all the bad financing actors. So, I think that the pps drop is most likely just day traders growing impatient and selling at a lose.
If I recall correctly, when the GNBT/NGIO workers were to get paid last month, they could have also been given shares of GNBT. If I am right, only the top executives and directors are required to give that info to the SEC via a Form 3. If any of them got additional shares, the Form 3 should be showing up this month (within 30 days). As for the “common” folks, their shares would not be reported. If I am right, I doubt anyone working at GNBT, knowing what is coming down the pike, would sell their shares for “chump change”. It could also be construed as insider trading. I didn’t see any “dumping” of shares lately, like what was happening last year with all the bad financing actors. So, I think that the pps drop is most likely just day traders growing impatient and selling at a lose.
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