Well, yesterday you said that you thought "I seeme
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Posted On: 02/27/2019 4:35:46 PM
Well, yesterday you said that you thought "I seemed reasonable". And I would think you read my posts yesterday, so I am not "trying to cause over optimism".
So, you think GNBT will need to do a R/S after just doing a 20 share dividend 3 months ago because the volume is too low. The problem with that thought is that if they did a R/S, the outstanding shares go down and the volume is even lower. Also, only 26M (or so) of the 60M shares are tradeable right now. Volume will pick up as more of those shares are registered and tradeable. Regardless, the can not uplist right now because they are cleaning up the negative shareholder equity, which might be positive now albeit slightly, to get over +$5M shareholder equity. So GNBT is not uplisting tomorrow, or next week, and most likely not next month anyway, so what does trading volume have to do with it? Hence again, you bring up and issue that is not an issue right now since they can not uplist yet anyway. "trying to cause frustration here".
BTW, now I know you are namtae from the other board because that is exactly how namtae responds, using the quote, in between responses.
So, you think GNBT will need to do a R/S after just doing a 20 share dividend 3 months ago because the volume is too low. The problem with that thought is that if they did a R/S, the outstanding shares go down and the volume is even lower. Also, only 26M (or so) of the 60M shares are tradeable right now. Volume will pick up as more of those shares are registered and tradeable. Regardless, the can not uplist right now because they are cleaning up the negative shareholder equity, which might be positive now albeit slightly, to get over +$5M shareholder equity. So GNBT is not uplisting tomorrow, or next week, and most likely not next month anyway, so what does trading volume have to do with it? Hence again, you bring up and issue that is not an issue right now since they can not uplist yet anyway. "trying to cause frustration here".
Quote:
Maybe you're trying to cause over optimism - goes both ways
My comment is more pointed to the small amount of volume and that won't get GNBT qualified for nasdaq. To qualify there appears to be a reverse split in GNBTs near future
BTW, now I know you are namtae from the other board because that is exactly how namtae responds, using the quote, in between responses.
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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.