So if what OTC guy told me is true...OTC does not adjust PPS automatically, and it is up to the market makers...and based on our past experience, it appears that the market makers do not understand what gnbt is doing...so the upcoming 1;1 dividend, even though insiders, note holders, etc are not getting the dividend, the market makers might just cut the price 1/2 because they won’t bother to understand the intricacies of what gnbt is offering to the float shareholders.
So imho, although Joe is trying so hard to reward the shareholders, the effect may not be as great as what joe had intended if we need to rely on market makers to reflect PPS correctly.
So perhaps if gnbt would like to reward the shareholders with higher PPS, maybe other methods can be considered, e.g. dividend out some NGIO shares to current shareholders? Just a thought...
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