Probably because they have become emboldened and d
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Posted On: 11/26/2019 12:21:04 PM
Probably because they have become emboldened and don't think GNBT will be able to do anything to force them to make up the dividend. If restricted shares are being sold, they did not have the "due bill" tag going along, so is a brokerage firm going to make them provide GNBT dividend shares?
Quote:
No, I get that now. But why wait until now to sell? Why wouldn't they have sold when the dividend was announced and the PPS was so much higher? Why wait until the PPS was dropping this bad to sell? This is still a huge loss for anyone selling.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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