(Total Views: 374)
Posted On: 10/16/2021 4:44:38 PM
Post# of 36570
Let me try to explain...
10/16/2006 - I bought my first 10,000 shares of GNBT for $2.37 (Cost $23,700, so $80.61 per current share cost basis!)
3/14/2017 - Reverse split (1 for 1,000). My 10,000 shares became 10
12/3/2018 - Stock dividend of 20 for 1. My 10 shares became 210
2/20/2020 - Stock dividend of 2 for 5. My 210 shares became 294
10/16/2021 - My 294 shares that I paid $23,700 for are now worth $48.97
So...why would I sell now after holding for exactly 15 years and being down 99.79% ? All I can do at this point is hope for the best and whine about the share price.
P.S. Can't forget to mention I also got 136 NGIO (NUGX) shares for being a loyal long-term shareholder, that are currently worth... nothing .
Revers split 1 for 1,000:
https://www.businesswire.com/news/home/201703...tock-Split
Dividend 20 for 1:
https://www.businesswire.com/news/home/20181121005545/en/
Dividend 2 for 5:
https://www.otcmarkets.com/stock/GNBT/news/Ge...?id=254653
10/16/2006 - I bought my first 10,000 shares of GNBT for $2.37 (Cost $23,700, so $80.61 per current share cost basis!)
3/14/2017 - Reverse split (1 for 1,000). My 10,000 shares became 10
12/3/2018 - Stock dividend of 20 for 1. My 10 shares became 210
2/20/2020 - Stock dividend of 2 for 5. My 210 shares became 294
10/16/2021 - My 294 shares that I paid $23,700 for are now worth $48.97
So...why would I sell now after holding for exactly 15 years and being down 99.79% ? All I can do at this point is hope for the best and whine about the share price.
P.S. Can't forget to mention I also got 136 NGIO (NUGX) shares for being a loyal long-term shareholder, that are currently worth... nothing .
Revers split 1 for 1,000:
https://www.businesswire.com/news/home/201703...tock-Split
Dividend 20 for 1:
https://www.businesswire.com/news/home/20181121005545/en/
Dividend 2 for 5:
https://www.otcmarkets.com/stock/GNBT/news/Ge...?id=254653
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