Joe on the last CC: “Yeah, we'll meet the $2
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Posted On: 10/23/2019 2:52:24 PM
Joe on the last CC:
“Yeah, we'll meet the $2 requirement, we're positive of that. We've now been trading... I believe it's just over 90 days now; we're getting to the 90-day period where, as part of the requirement for $2, you have to trade 90 consecutive days over $2 and close it over $2. So, I believe that we either we've hit that requirement right now or we're past it. Obviously, we need to continue on staying above $2, but yes we're highly positive that we met all the requirements necessary to get our listing.”
Caller: “Well, of course, I understand. My concern was what if the dividend comes before the uplisting, and before the uplisting gets approved and then price gets adjusted, and then how are we going to make sure that the price is $2 or above? That's my concern.”
Joe: “Well, it hasn't been one of mine; you just put that in my head. So, thank you.”
In the CC, Joe said Gnbt obviously needs to stay above $2. Plus, he was emphasizing the importance of the national listing for better financing terms. That’s the capital needed to go forward with all pending agreements and operational plans. Joe and the company need to explain their current strategy since Gnbt has been closing below $2 well before we are even approaching the dividend, never mind any uplisting. I’m surprised they haven’t seized that opportunity already.
“Yeah, we'll meet the $2 requirement, we're positive of that. We've now been trading... I believe it's just over 90 days now; we're getting to the 90-day period where, as part of the requirement for $2, you have to trade 90 consecutive days over $2 and close it over $2. So, I believe that we either we've hit that requirement right now or we're past it. Obviously, we need to continue on staying above $2, but yes we're highly positive that we met all the requirements necessary to get our listing.”
Caller: “Well, of course, I understand. My concern was what if the dividend comes before the uplisting, and before the uplisting gets approved and then price gets adjusted, and then how are we going to make sure that the price is $2 or above? That's my concern.”
Joe: “Well, it hasn't been one of mine; you just put that in my head. So, thank you.”
In the CC, Joe said Gnbt obviously needs to stay above $2. Plus, he was emphasizing the importance of the national listing for better financing terms. That’s the capital needed to go forward with all pending agreements and operational plans. Joe and the company need to explain their current strategy since Gnbt has been closing below $2 well before we are even approaching the dividend, never mind any uplisting. I’m surprised they haven’t seized that opportunity already.
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