msowid, see this is where it has not been explained completely. First off, I asked the question on the conf call at the end of Feb about the NGIO shares. It was explained that only the shares that were part of the initial Veneto purchase would be entitled to the NGIO shares. All other GNBT pooled shares did not get NGIO dividend. So that means the Veneto was getting 6M shares of GNBT and then the 1.5M shares of NGIO instead of the original $15M cash payment. Now with the renegotiation, Veneto is getting 8.4M shares and 5.5M shares of NGIO.
Also, all the other pooled GNBT shares seemed like no NGIO shares were being issued for them since they were being held by the company now as pooled shares. This would increase our value of NGIO since there would be less shares to go public with. However now they have the NGIO shares, which 34M share of GNBT would generate 8.5M shares of NGIO, which they just gave almost 65% of them to Veneto during a renegotiation.
Also, all the other pooled GNBT shares seemed like no NGIO shares were being issued for them since they were being held by the company now as pooled shares. This would increase our value of NGIO since there would be less shares to go public with. However now they have the NGIO shares, which 34M share of GNBT would generate 8.5M shares of NGIO, which they just gave almost 65% of them to Veneto during a renegotiation.
Quote:it was my understanding that the pooled shares from the first dividend were not going to get the 4 to 1 from the ngio shares.....i do remember, i think it was RJS, in a conference call with you, where he asked you whether those shares will participate in the 4 to 1, and your response, if i recall correctly, was that only the 30 million or so shares will get the ngio dividends....if that changed, that's no problem, but that was misunderstood by me i guess.....
so now you are telling us that we have a secondary pool of ngio shares (i would think around 8,500,000 minus the 5.5 million(Veneto) = 3.0 million left, give or take about 1/2 a million) that can be utilized to buy acquisitions, mergers and such....and my stupid question is:
Generex Biotechnology Corp. (GNBTQ) Stock Research Links
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.
