I also think that GNBT must have used about 600K shares each for the initial stock purchase. $1M divides by $1.65 is about 600K shares times 2 deals. So maybe the 34M shares is at 32.8M now. Don’t know if that is where the shares came from.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.