I was just looking at the conf call transcript and
Post# of 36537
BTW, did everyone see that GNBT is paying off the next note in CASH. That must mean they are making revenue. It will be interesting to see the next quarterly earnings and how things should change.
Quote:
In addition, GENEREX has recently announced to be paid $3.1 million in long standing debt. At market closing price of $2.81 a share, Tuesday, July
16. We also have paid off other notes and we’ll be paying off another note in
cash next week, which the fund has agreed to receive. All this debt, which
now has paid or will be paid next week will enhance our NASDAQ listing
review as well as strengthen our balance sheet.