Yes, the NuGenerex shares we received are legitimate. They are the exact same shares that Bio (stalking horse) or another higher bidder will be buying from Generex. The stock was officially issued the ticker symbol NGIO, but because the IPO was delayed, they began being traded on the OTC under NUGX. This is where I become “legal” ignorant. Does the process of buying/selling the GNBT NuGenerex stock “lock-in” the NUGX ticker symbol thus giving us legitimate liquidity (tradable stock) and make NuGenerex an official public corporation despite no official IPO or is it just the same-old same-old, just under new ownership?

Having stock in a public company means that the market will (good or bad) set its value, but it can be sold at the stock owner’s discretion. Stock in a private company means the majority owner (it will always be the new buyer owning the Series A Super Voting Preferred Stock) will make the decision of if/when and how much value the shares can be sold.

We should know early next year, as a NuGenerex shareholder, if we have a future or not.