"It isn't about blame. It is about the company cre
Post# of 36566
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Posted On: 11/20/2019 10:03:35 AM
"It isn't about blame. It is about the company creating shareholder value. It is about credibility and accountability. I make investments based on information the company provides. I rely on accurate and timely information."
Doc, while I respect your perspective, I wholeheartedly disagree with it. The company has done everything imaginable to create shareholder value - from dividends, to share retirements (that were ignored), to splitting off assets into a separate company which the shareholders will partially own, to announcing LOIs to purchase multiple companies. It has spent stock valued at $2.50/share to make a number of these purchases, while the stock currently trades less than $1. It has gotten major stock holders to forego receiving dividends to prevent unreasonable dilution. I have been around stocks for over 40 years and I have never seen these types of attempts to provide value to shareholders. If you have, please share that with the board, because I don't believe it exists but would be glad to reevaluate my position.
Yes, there have been setbacks with Veneto and Kiromic. Veneto is going to be settled in court as to whether they were honest with GNBT; Kiromic thinks they have a better path without GNBT and are pursuing that path. Everything else is still in play. You are reacting like all these transactions should have already taken place and should be represented in the share price; my take is you have overlooked two things. First, none of these transactions are easy meaning they don't immediately happen. I'm not sure 6 to 9 months is a fair time period to expect the co-mingling of all of the companies with all kinks ironed out. I personally am allowing around 2 years (now down to 1.5) - your mileage obviously varies.
Second, and this is probably the most important, you continue to ignore that we are on the OTC. I've said this before and I guess I will say it again - the pps of most OTC companies does not reflect the actual value or potential of those companies. To use the cliche', it is the wild west and anything goes pps wise.
Right now, some entity(ies) have decided to push the pps down. Why? Accumulation? Short covering? An attempt to bankrupt GNBT/Joe Moscato? I sure don't know, and I doubt anyone (even the all seeing Namtae) does either - with the exception of the entity(ies) that are doing this. But I have bet real money that it is artificial, and if/when we can get to the NAS, I believe much of this will end. The NAS values stocks based on potential and current value, and GNBT certainly has potential right now that isn't being acknowledged on OTC.
The support I offer for this is the fact that OTC did not recognize the share retirement - if they can just ignore a $50 million change in market cap, they are capable of ignoring all sorts of shenanigans regarding the pps. Hell, they may even be complicit with the entity(ies) because they KNOW GNBT is going to move away as soon as the NAS says "c'mon down". The longer they prevent that, the longer they retain GNBT's fees and trades.
I'm not going to try any harder to convince you my position is better than yours. If you truly believe GNBT 2.0 is in reality still GNBT 1.0, there is nothing I can say right now to convince you of anything different because my theory is based on what I believe will occur in the future. I'm sorry you feel that way, and I truly hope you're wrong. I still believe time will tell - we had a month set back with the delayed 10k, so my original prediction of waiting until Thanksgiving is now waiting until shortly after the first of the year. I'm betting real money that we remain on the right track, we're just moving under a temporary slow order (that's a railroad term in my wheel house!). But we're still moving, and I believe we will eventually get there.
Doc, while I respect your perspective, I wholeheartedly disagree with it. The company has done everything imaginable to create shareholder value - from dividends, to share retirements (that were ignored), to splitting off assets into a separate company which the shareholders will partially own, to announcing LOIs to purchase multiple companies. It has spent stock valued at $2.50/share to make a number of these purchases, while the stock currently trades less than $1. It has gotten major stock holders to forego receiving dividends to prevent unreasonable dilution. I have been around stocks for over 40 years and I have never seen these types of attempts to provide value to shareholders. If you have, please share that with the board, because I don't believe it exists but would be glad to reevaluate my position.
Yes, there have been setbacks with Veneto and Kiromic. Veneto is going to be settled in court as to whether they were honest with GNBT; Kiromic thinks they have a better path without GNBT and are pursuing that path. Everything else is still in play. You are reacting like all these transactions should have already taken place and should be represented in the share price; my take is you have overlooked two things. First, none of these transactions are easy meaning they don't immediately happen. I'm not sure 6 to 9 months is a fair time period to expect the co-mingling of all of the companies with all kinks ironed out. I personally am allowing around 2 years (now down to 1.5) - your mileage obviously varies.
Second, and this is probably the most important, you continue to ignore that we are on the OTC. I've said this before and I guess I will say it again - the pps of most OTC companies does not reflect the actual value or potential of those companies. To use the cliche', it is the wild west and anything goes pps wise.
Right now, some entity(ies) have decided to push the pps down. Why? Accumulation? Short covering? An attempt to bankrupt GNBT/Joe Moscato? I sure don't know, and I doubt anyone (even the all seeing Namtae) does either - with the exception of the entity(ies) that are doing this. But I have bet real money that it is artificial, and if/when we can get to the NAS, I believe much of this will end. The NAS values stocks based on potential and current value, and GNBT certainly has potential right now that isn't being acknowledged on OTC.
The support I offer for this is the fact that OTC did not recognize the share retirement - if they can just ignore a $50 million change in market cap, they are capable of ignoring all sorts of shenanigans regarding the pps. Hell, they may even be complicit with the entity(ies) because they KNOW GNBT is going to move away as soon as the NAS says "c'mon down". The longer they prevent that, the longer they retain GNBT's fees and trades.
I'm not going to try any harder to convince you my position is better than yours. If you truly believe GNBT 2.0 is in reality still GNBT 1.0, there is nothing I can say right now to convince you of anything different because my theory is based on what I believe will occur in the future. I'm sorry you feel that way, and I truly hope you're wrong. I still believe time will tell - we had a month set back with the delayed 10k, so my original prediction of waiting until Thanksgiving is now waiting until shortly after the first of the year. I'm betting real money that we remain on the right track, we're just moving under a temporary slow order (that's a railroad term in my wheel house!). But we're still moving, and I believe we will eventually get there.
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