Caller 3 to 5:
Q: 10-K seems to contain more red lights than green lights, as far as I can see. Related to acquisitions, I didn't find as
many closed deals mentioned in there than I was expecting.
JoeM: Please be more specific.
Q: Was ALTuCell worth buying it?
JoeM: It was just last week that we announced it to be closed until the end of the year. For sure nothing mentioned in the 10-K
about that. Point me to explicite examples and I am willing to answer.
Q: Will you be going after Creek Mountain?
JoeM: We are talking to our lawyers and see what we can do about this. They are currently making research about as to what is
possible in this concern. This was just very recent. And we will keep you updated on what we are doing.
* in 10 short months, a lot of pieces to the overall puzzle are bought or we are in the process of doing so, and we just need
to do the next step to put the pieces together and build the enterprise.
Q: So you are not planning on doing another reverse stock split?
JoeM: Why would we be doing this? We are about to give out a dividend. My strong believe is that if we continue to create value,
it will eventually be recognized by the investors and the PPS can very quickly move back up to $2 level.
* all that has recently happened, with the Creek Mountain selling, has created a down spiral of the PPS, which caused a lot
of investors to panic and throw in the towel. But I am surely not panicing at all.
Q: I am just concerned of all the rollercoaster moves of the PPS in recent years.
JoeM: I am only responsible for the time after I have taken over in early 2017. First year was cleaning this company up. Now we have
started to execute our plan and it will all work out in the end.
4th caller
Q: Timing of the S1 and what investment bank you are planning to work with.
JoeM: The total amount will be $40 Mill.. Once S1 is filed, which should be filed latest by the end of next week. After that the funds
will be available. These funds will be used to start building the enterprise. First thing will to be to remove the "going concern"
which is yet another box checked in the Nasdaq application, which so far is still open. This filing is considered to be
the biggest thing that we can still do this year.
5th caller
Q: Nasdaq uplisting. Stock price suffered from the not yet being uplisting.
JoeM: Application is in. Not yet received any negative feedback from Nasdaq. The "going concern" is the one last thing that is
missing and needs to be removed, which we will be able to do with S1. After that, all that is still needed is the $2 PPS threshold
exceeded by 5 consecutive trading days.
Q: Other than the 2 mentioned points, application is looking good?
JoeM: NAZ application stays open until you meet all the requirements. It is not that an officer would on one day decided "approved" or
"declined" and if declined the application has to be made it again. Once the application is filed, they will give you feedback
as to what is still missing to get the approval.
Q: What is GNBT planning to do to get the PPS back up to the $2 level.
JoeM: Answered several times, NGIO spin-out would give us significantly additional equity. As an example, if we would decide to
give out 100M NGIO shares and they would be trading at $1/share (which to me seems to be a low ball number) and that would
add 100M USD to our balance sheet, which in turn should provide a significant boost to the PPS.
* I assume that at least 2MM of the GNBT shares were held by Creek Mountain were sold by them illegially.
Q: 10-K seems to contain more red lights than green lights, as far as I can see. Related to acquisitions, I didn't find as
many closed deals mentioned in there than I was expecting.
JoeM: Please be more specific.
Q: Was ALTuCell worth buying it?
JoeM: It was just last week that we announced it to be closed until the end of the year. For sure nothing mentioned in the 10-K
about that. Point me to explicite examples and I am willing to answer.
Q: Will you be going after Creek Mountain?
JoeM: We are talking to our lawyers and see what we can do about this. They are currently making research about as to what is
possible in this concern. This was just very recent. And we will keep you updated on what we are doing.
* in 10 short months, a lot of pieces to the overall puzzle are bought or we are in the process of doing so, and we just need
to do the next step to put the pieces together and build the enterprise.
Q: So you are not planning on doing another reverse stock split?
JoeM: Why would we be doing this? We are about to give out a dividend. My strong believe is that if we continue to create value,
it will eventually be recognized by the investors and the PPS can very quickly move back up to $2 level.
* all that has recently happened, with the Creek Mountain selling, has created a down spiral of the PPS, which caused a lot
of investors to panic and throw in the towel. But I am surely not panicing at all.
Q: I am just concerned of all the rollercoaster moves of the PPS in recent years.
JoeM: I am only responsible for the time after I have taken over in early 2017. First year was cleaning this company up. Now we have
started to execute our plan and it will all work out in the end.
4th caller
Q: Timing of the S1 and what investment bank you are planning to work with.
JoeM: The total amount will be $40 Mill.. Once S1 is filed, which should be filed latest by the end of next week. After that the funds
will be available. These funds will be used to start building the enterprise. First thing will to be to remove the "going concern"
which is yet another box checked in the Nasdaq application, which so far is still open. This filing is considered to be
the biggest thing that we can still do this year.
5th caller
Q: Nasdaq uplisting. Stock price suffered from the not yet being uplisting.
JoeM: Application is in. Not yet received any negative feedback from Nasdaq. The "going concern" is the one last thing that is
missing and needs to be removed, which we will be able to do with S1. After that, all that is still needed is the $2 PPS threshold
exceeded by 5 consecutive trading days.
Q: Other than the 2 mentioned points, application is looking good?
JoeM: NAZ application stays open until you meet all the requirements. It is not that an officer would on one day decided "approved" or
"declined" and if declined the application has to be made it again. Once the application is filed, they will give you feedback
as to what is still missing to get the approval.
Q: What is GNBT planning to do to get the PPS back up to the $2 level.
JoeM: Answered several times, NGIO spin-out would give us significantly additional equity. As an example, if we would decide to
give out 100M NGIO shares and they would be trading at $1/share (which to me seems to be a low ball number) and that would
add 100M USD to our balance sheet, which in turn should provide a significant boost to the PPS.
* I assume that at least 2MM of the GNBT shares were held by Creek Mountain were sold by them illegially.
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