From 8/19 PR, cut and pasted below - $1.138 millio
Post# of 36564
(Total Views: 261)
Posted On: 11/08/2019 7:15:46 PM
From 8/19 PR, cut and pasted below - $1.138 million cash used to pay off debt...gnbt must had good sales...since they need to pay operating expenses too...so using cash to retire debts probably mean they had extra cash...
Mr. Moscato continued, “In addition to the exciting news about Olaregen, this morning we paid the final cash payment of $138,000 dollars to another note holder on top of the $900,000 final payment in cash Friday to another note holder, thereby closing those notes out completely, further enhancing our balance sheet as we make our move to the Nasdaq stock exchange.”
Mr. Moscato continued, “In addition to the exciting news about Olaregen, this morning we paid the final cash payment of $138,000 dollars to another note holder on top of the $900,000 final payment in cash Friday to another note holder, thereby closing those notes out completely, further enhancing our balance sheet as we make our move to the Nasdaq stock exchange.”
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