This provision is why the board agonizes over the
Post# of 36536
(Total Views: 279)
Posted On: 08/27/2019 8:35:31 AM
This provision is why the board agonizes over the daily pps at the close. Yesterday the close was $2.02. It doesn't take a financial expert to predict that today's close could be under $2.00.
What happens if the close is under $2.00? Is there no recourse? I can't believe that GNBT has paid a fee to NASDAQ and another fee to Donohoe, just to have the entire process sabotaged by a penny or so on any given day during the process. At $2.02 the pps can be manipulated by any number of individuals or MM's looking to benefit from such a tiny drop in pps.
Does Donohoe say, "Sorry, MMPJoe. The pps dropped below $2.00, so we can't help."; or "Sorry, MMPJoe, you have to pay another fee, and we need to start over."
Recent price action makes no sense, especially given that this Friday is the last day an investor can be guaranteed the 1:1 dividend. Someone is pulling strings in order to prevent uplisting. Given the constant flow of positive news over the past month or longer, there is no apparent reason for selling on high volume.
As investors, do we just resign ourselves to remaining on OTC? "Nice try, Joe. Too bad you failed". That makes no sense. We are missing some piece of information. As MMPJoe has stated, requirements are different for companies seeing to be reinstated on NASDAQ than they are for companies that have never been listed. I do not believe that a close at $1.99 ends the hopes and dreams of MMPJoe, his hand-picked colleagues, and loyal investors. Mgmt. has delivered on their promises to date, so we have to continue to believe.
What happens if the close is under $2.00? Is there no recourse? I can't believe that GNBT has paid a fee to NASDAQ and another fee to Donohoe, just to have the entire process sabotaged by a penny or so on any given day during the process. At $2.02 the pps can be manipulated by any number of individuals or MM's looking to benefit from such a tiny drop in pps.
Does Donohoe say, "Sorry, MMPJoe. The pps dropped below $2.00, so we can't help."; or "Sorry, MMPJoe, you have to pay another fee, and we need to start over."
Recent price action makes no sense, especially given that this Friday is the last day an investor can be guaranteed the 1:1 dividend. Someone is pulling strings in order to prevent uplisting. Given the constant flow of positive news over the past month or longer, there is no apparent reason for selling on high volume.
As investors, do we just resign ourselves to remaining on OTC? "Nice try, Joe. Too bad you failed". That makes no sense. We are missing some piece of information. As MMPJoe has stated, requirements are different for companies seeing to be reinstated on NASDAQ than they are for companies that have never been listed. I do not believe that a close at $1.99 ends the hopes and dreams of MMPJoe, his hand-picked colleagues, and loyal investors. Mgmt. has delivered on their promises to date, so we have to continue to believe.
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