TC, he didn't mention that 20 million pool shares
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Posted On: 07/23/2019 4:28:06 PM
TC, he didn't mention that 20 million pool shares are being retired at the time of the split, which is why the share count is only going from 60 to 69 million. Don't know if that is an important detail, but it does satisfy those "data geeks" that are trying to figure out why the share count isn't doubling during a 1:1 dividend distribution.
He might also have added that the record date is only to receive the divi shares directly from GNBT (assuming the uplist occurs and the divi is paid). Between the record date and the ex-div date, I believe you will still receive the divi shares via the due-bill process - ie, from the party you purchased the shares from via their brokerage.
Seems like GNBT is subject to the big price dumps every now and again, with very light volume. Somebody playing with the emotions of shareholders trying to get a little better deal?
He might also have added that the record date is only to receive the divi shares directly from GNBT (assuming the uplist occurs and the divi is paid). Between the record date and the ex-div date, I believe you will still receive the divi shares via the due-bill process - ie, from the party you purchased the shares from via their brokerage.
Seems like GNBT is subject to the big price dumps every now and again, with very light volume. Somebody playing with the emotions of shareholders trying to get a little better deal?
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