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Posted On: 05/26/2021 9:42:31 PM
Post# of 36542
“Then Generex traded 300 million common shares for preferred voting only shares keeping 64+ million common shares...”
Generex rewarded their shareholders with NGIO dividends to directly participate in ownership of the spin out. I like the point you’re making because I keep reading a false equivalency claim that a dividend ratio is the same as a reverse split. Nothing is accurate about that. Generex purposefully lowering the amount of common shares to a lessor amount to increase the eventual pps value of NGIO is more akin to a forward split increasing the value of our free dividends.
Go Knicks!
Generex rewarded their shareholders with NGIO dividends to directly participate in ownership of the spin out. I like the point you’re making because I keep reading a false equivalency claim that a dividend ratio is the same as a reverse split. Nothing is accurate about that. Generex purposefully lowering the amount of common shares to a lessor amount to increase the eventual pps value of NGIO is more akin to a forward split increasing the value of our free dividends.
Go Knicks!
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