Other than today's closing action and overall lack of
Other than today's closing action and overall lack of interest, I don't have any special insight. We know there was a lot of support two days ago under $2. Where was it today? Why not push it up away from $2? Would they have been there if needed? Maybe but they just about blew it today. If it hadn't been for our members it would have PROBABLY closed under. The question is, as hoops and tc etc have stated, does it matter at this point? It certainly did matter before but more recently Joe has said some of these things are fluid and indicated the market cap was key plus the info from the audited annual report. It doesn't make sense that one trading session would terminate an uplisting but what if the trend continued down. The market cap might be in danger then. It could be Joe knows from the NAZ all is well and that is why we are having the CC. Maybe they don't need to defend it anymore because we are good. Then again if we are good, why is the volume so low and no buying. Isn't getting on the NAZ supposed to fix everything? Oh, there is a dividend to deal with. Are we going to get the shaft again like we did on the retired shares? Big downer that turned out to be. If so will it be 15% or 40% reduction. Ok, I get it, I have double the shares and it is the same money invested. Fine for me but if I am short or a potential new investor I am waiting to see what happens closer to the CC. Hence no buying interest. As far as we know officially nothing negative has happened. The buzz around the water cooler indicates we are on track. We are pursuing new programs, acquisitions etc. Until I hear different I have confidence for the long term but getting into November might be nerve wracking. I am still quite invested but I am blessed in that most of my shares are free at this point. I won't buy a truckload the way I did last time to defend $2. I will nibble a bit. I will buy larger lots as the price goes up and we get definitive execution by the team. New tofu PR's won't entice me. I want meat. In January Joe said GNBT could be a BILLION dollar company in 18 months. Nine months to go. Since the MSO had to be redone I am giving him twelve months, starting November 1st with major revenue by the end of second q 2020 expected IMO. More than anything I want to be done with this final phase of Joe's plan so we can focus on GNBT's organic growth instead of dividends and uplisting. Geez, now I remember , we still have NGIO merger/spin off and listing to do.
My apologies for subjecting you fine folks to this rant which might better be ignored.
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