I read somewhere in the Gnbt filings that the othe
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Posted On: 04/06/2019 1:24:40 PM
I read somewhere in the Gnbt filings that the other three agreed to give you voting power on those shares.
Hopefully we learn more about Veneto. The original tranch was:
“The first tranche of the Acquisition closed on October 3, 2018 (the “First Closing Date”). On the Closing Date, NuGenerex purchased the operating assets of eight pharmacies, a wholesale pharmacy purchasing company, and an in-network laboratory (the “First Closing Assets”). In consideration of the sale, transfer, and assignment of the First Closing Assets on the First Closing Date, NuGenerex executed and delivered to Veneto a secured promissory note in the principal amount of $15,000,000 (the “Promissory Note”) guaranteed by Generex.”
As you said at the time:
“We have acquired an outstanding management team that has built this business from the ground up to achieve unaudited revenues of more than $66 million over the past 12 months through this first set of Veneto assets, whilst operating in only three states.”
With the pharmacies closed how does that first set of Veneto assets look?
Anyway it’s a gorgeous day out. Enjoy it! I’m sure it’s nicer in Florida so I’ll just make believe!
Hopefully we learn more about Veneto. The original tranch was:
“The first tranche of the Acquisition closed on October 3, 2018 (the “First Closing Date”). On the Closing Date, NuGenerex purchased the operating assets of eight pharmacies, a wholesale pharmacy purchasing company, and an in-network laboratory (the “First Closing Assets”). In consideration of the sale, transfer, and assignment of the First Closing Assets on the First Closing Date, NuGenerex executed and delivered to Veneto a secured promissory note in the principal amount of $15,000,000 (the “Promissory Note”) guaranteed by Generex.”
As you said at the time:
“We have acquired an outstanding management team that has built this business from the ground up to achieve unaudited revenues of more than $66 million over the past 12 months through this first set of Veneto assets, whilst operating in only three states.”
With the pharmacies closed how does that first set of Veneto assets look?
Anyway it’s a gorgeous day out. Enjoy it! I’m sure it’s nicer in Florida so I’ll just make believe!
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