Hi Doc, I think it is one step further. It is
Post# of 36537
(Total Views: 402)
Posted On: 11/28/2019 1:47:15 AM
Hi Doc,
I think it is one step further. It is not just the right decision in the current circumstances, it seems inevitable. Just read all the posts on the Yahoo Message board or some on here, where everyone is concerned about not much else than the question whether we have recently purchased shares that are eligible for the dividend or not.
I definitely think, that first of all this mess has to be cleaned up (and just to be very clear here, for all I read about this so far; this is something that the GNBT management has been dragged into, but they are now forced to sort out the mess and by no means I am implying that they have anything to do with all this) all the related questions about how to right the wrong and how to make sure that everybody who recently purchased shares will also receive the dividend and who needs to pay for all this, is there a chance to revert all this or how can GNBT be compensated for the significant hit on the share price this all caused, etc.
As much as I would have liked for this endless dividend saga to come to an end tomorrow, I think this time GNBT had no other choice than postponing the dividend, because otherwise this would only further contribute to this mess rather than helping to resolve it. So it has less to do with business related considerations than just administrative purposes in my view.
Just my thoughts about the current situation.
Quote:
This is probably the right decision given the circumstance. There is nothing to be gained by having the number of shares in the float increased and shareholders taking a 50% haircut. Back when this was originally set in motion it was expected to be from way higher levels with good progress being made on the business plan. NAZ up-listing etc. The subsequent PPS decline would have looked like a buying opportunity if things had gone smoothly.
I think it is one step further. It is not just the right decision in the current circumstances, it seems inevitable. Just read all the posts on the Yahoo Message board or some on here, where everyone is concerned about not much else than the question whether we have recently purchased shares that are eligible for the dividend or not.
I definitely think, that first of all this mess has to be cleaned up (and just to be very clear here, for all I read about this so far; this is something that the GNBT management has been dragged into, but they are now forced to sort out the mess and by no means I am implying that they have anything to do with all this) all the related questions about how to right the wrong and how to make sure that everybody who recently purchased shares will also receive the dividend and who needs to pay for all this, is there a chance to revert all this or how can GNBT be compensated for the significant hit on the share price this all caused, etc.
As much as I would have liked for this endless dividend saga to come to an end tomorrow, I think this time GNBT had no other choice than postponing the dividend, because otherwise this would only further contribute to this mess rather than helping to resolve it. So it has less to do with business related considerations than just administrative purposes in my view.
Just my thoughts about the current situation.
Quote:
This is probably the right decision given the circumstance. There is nothing to be gained by having the number of shares in the float increased and shareholders taking a 50% haircut. Back when this was originally set in motion it was expected to be from way higher levels with good progress being made on the business plan. NAZ up-listing etc. The subsequent PPS decline would have looked like a buying opportunity if things had gone smoothly.
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