Yes, and as the accompanying 8k stated: “Gene
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Posted On: 03/29/2019 11:21:17 AM
Yes, and as the accompanying 8k stated:
“Generex expects to raise funds through a combination of debt and equity to fund the required payment of the New Note. As of the date of this report, Generex is in discussions with several potential funding sources, but has no definitive arrangements for such funding.”
https://www.sec.gov/Archives/edgar/data/10597...form8k.htm
Now the price is significantly reduced with no need to raise funds for this particular acquisition. And they used the pooled shares to finalize the purchase.
“Generex expects to raise funds through a combination of debt and equity to fund the required payment of the New Note. As of the date of this report, Generex is in discussions with several potential funding sources, but has no definitive arrangements for such funding.”
https://www.sec.gov/Archives/edgar/data/10597...form8k.htm
Now the price is significantly reduced with no need to raise funds for this particular acquisition. And they used the pooled shares to finalize the purchase.
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