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Posted On: 12/03/2021 11:11:42 AM
Post# of 36541
Prediction
NUGX has had no trades this month (so far). If this holds up thru next week, I think that we will see both 10-Ks (NGIO/GNBT) being published (SEC). The 10-Qs are due on Dec. 15th so I see the 10-Ks published on or before Dec 15th with the NT 10-Qs on Dec 15th. Then the 10-Qs published before the year ends.
If that happens, then we will also get a notification PR of a CC or Stockholders Meeting scheduled in January.
As for the IPO.
There are 100 million+ shares of NuGenerex outstanding. To create the new Class A/B stock structure I would think that that would require the existing shareholders authorization (vote) which will pass with GNBT holding the majority, but it will still have to go thru the voting motions to keep everything legal. Scholars/lawyers correct me if I am wrong.
So if the above is true, then the path to the IPO is;
Stockholder Meeting to explain what will happen
Official ballots to vote on new stock structure
IPO launch date
IPO launch
If all goes well, maybe IPO late February?
Meanwhile, news should be flowing about what NuGenerex and Generex have been doing thru the 10-K/Qs and maybe a PR or two. We know it should be positive and that should help with the pps.
Just a (wild) guess on my part.
NUGX has had no trades this month (so far). If this holds up thru next week, I think that we will see both 10-Ks (NGIO/GNBT) being published (SEC). The 10-Qs are due on Dec. 15th so I see the 10-Ks published on or before Dec 15th with the NT 10-Qs on Dec 15th. Then the 10-Qs published before the year ends.
If that happens, then we will also get a notification PR of a CC or Stockholders Meeting scheduled in January.
As for the IPO.
There are 100 million+ shares of NuGenerex outstanding. To create the new Class A/B stock structure I would think that that would require the existing shareholders authorization (vote) which will pass with GNBT holding the majority, but it will still have to go thru the voting motions to keep everything legal. Scholars/lawyers correct me if I am wrong.
So if the above is true, then the path to the IPO is;
Stockholder Meeting to explain what will happen
Official ballots to vote on new stock structure
IPO launch date
IPO launch
If all goes well, maybe IPO late February?
Meanwhile, news should be flowing about what NuGenerex and Generex have been doing thru the 10-K/Qs and maybe a PR or two. We know it should be positive and that should help with the pps.
Just a (wild) guess on my part.
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