Okay this is my third and final attempt to relay my thoughts about things past and present. These thoughts are merely conjecture and have no basis in fact. First off in the old days I believe Joe was a money guy trying to help the old company get funding. The old board drove generex off a cliff but not before sucking everything it could from the carcass. Somehow Joe ended up with the remains, which turned out to be a very large tax write-off and some intellectual property.
What good is the right off if you have nothing to write off, Joe then went looking for someone or something that could use what was left of the old generex. Joe eventually found companies that were in their own precarious situations but could see the value in joining together and if successful utilizing the remains of the old generex. These companies some of them in dire need of rescuing or in dire need of funding all join together with some of their CEOs being guaranteed a large payoff just for taking the risk.
Vento being one the first companies to realize the potential, set a value and Joe not being sure what the value was for sure, agreed on a price price, but it appears that the Vento guys were trying to sell what they could at the highest price (go figure ) but being desperate to connect all the dots Joe agreed with their valuation and started finding other companies, that for there own reasons, saw value in the shell of old Generx.
In the old Generx, the regular stockholders had very little to say about the direction of the company The Insider's held the majority of the shares and we pretty much went along for the ride. The reverse split was not something that everyone agreed on but really had no choice, so the idea that shareholders would be rewarded for merely being dragged along makes me question the entire "rewarding the shareholders" idea. I believe and it is my opinion that the splits, spin offs and dividends where a way to keep the regular shareholders interested and buying more.
There appeared to be a lot of confusion around the $2 mark we were all led to believe that we needed 90 days at $2, no one from the company ever said "no we only need $2 for 5 days" yet now we are informed in fact we only need $2 for 5 days and at the boxes are being checked off for the NASDAQ up list but we have no idea how many boxes there are or remain to be checked off and we are now told that the ngio spin-off may go to the NASDAQ before genrex. Someone had to know something to make that statement.
Now we have Creek mountain who decided to liquidate their shares holding back half of their value for the dividend should they be required to pay it, that is one company that apparently breached a legal agreement and sold for profit. Somehow we are now being told that's because Creek mountain breached their contract all the other legal contracts are breached by default. We must however remember that the Insiders that waved their dividends and restricted their shares did so for the benefit of the company. And in my mind the benefit of the company means that we can't take our money now or we kill the very thing that will later provide us with even more money. Now apparently there is enough solid base that the Insiders may see a way to get an early taste. I don't understand how several legal agreements being entered into and one person breaking that agreement, would require the release of everyone else who signed individual agreements, again for the "betterment of the company" . The company is still in need of the relief of not having the pressure of issuing shares and dividends to insiders yet that is being considered now.
I truly believe that Joe's intentions are honorable and he is in fact trying to put together a very intense and intricate conglomerate. Others have joined only to benefit themselves and are looking for a big payout as soon as they can get it, hence the valuations of Veneto and the payouts to some of the CEOs. The truth is we have very little choice but to let Joe do what he does, hoping that in fact the shareholders will be rewarded. I know Joe has gone from the demise of old Generx, to the birth of new Generx, which means there is a long period of him not being paid, unless he has a trust fund or a ton of money from prior dealings he's been going on five years without receiving any income from Generx we do know he has health insurance.
My point is that we have to be very leery of the gray area that everyone is dealing in and we have to understand what our real power is. The talk of class action suits and other legal action requires upfront money and years of time in the meantime we're trying to raise funding that our CEO has told us would be better off waiting until we reach the NASDAQ yet we are filing an s-1 in the coming weeks. I'm assuming Joe has found favorable funding. I am not attacking Joe but he is the first one to say he is getting nothing from the company and that things have improved drastically from the old days even though he's not responsible for the old days, yet I continue to see gray areas being manipulated and I wonder what's behind the manipulation I guess I'm just cynical I keep hearing Forrest Gump in the back of my head "I am not a smart man but I do know when something doesn't feel right and that's all I have to say about that"
What good is the right off if you have nothing to write off, Joe then went looking for someone or something that could use what was left of the old generex. Joe eventually found companies that were in their own precarious situations but could see the value in joining together and if successful utilizing the remains of the old generex. These companies some of them in dire need of rescuing or in dire need of funding all join together with some of their CEOs being guaranteed a large payoff just for taking the risk.
Vento being one the first companies to realize the potential, set a value and Joe not being sure what the value was for sure, agreed on a price price, but it appears that the Vento guys were trying to sell what they could at the highest price (go figure ) but being desperate to connect all the dots Joe agreed with their valuation and started finding other companies, that for there own reasons, saw value in the shell of old Generx.
In the old Generx, the regular stockholders had very little to say about the direction of the company The Insider's held the majority of the shares and we pretty much went along for the ride. The reverse split was not something that everyone agreed on but really had no choice, so the idea that shareholders would be rewarded for merely being dragged along makes me question the entire "rewarding the shareholders" idea. I believe and it is my opinion that the splits, spin offs and dividends where a way to keep the regular shareholders interested and buying more.
There appeared to be a lot of confusion around the $2 mark we were all led to believe that we needed 90 days at $2, no one from the company ever said "no we only need $2 for 5 days" yet now we are informed in fact we only need $2 for 5 days and at the boxes are being checked off for the NASDAQ up list but we have no idea how many boxes there are or remain to be checked off and we are now told that the ngio spin-off may go to the NASDAQ before genrex. Someone had to know something to make that statement.
Now we have Creek mountain who decided to liquidate their shares holding back half of their value for the dividend should they be required to pay it, that is one company that apparently breached a legal agreement and sold for profit. Somehow we are now being told that's because Creek mountain breached their contract all the other legal contracts are breached by default. We must however remember that the Insiders that waved their dividends and restricted their shares did so for the benefit of the company. And in my mind the benefit of the company means that we can't take our money now or we kill the very thing that will later provide us with even more money. Now apparently there is enough solid base that the Insiders may see a way to get an early taste. I don't understand how several legal agreements being entered into and one person breaking that agreement, would require the release of everyone else who signed individual agreements, again for the "betterment of the company" . The company is still in need of the relief of not having the pressure of issuing shares and dividends to insiders yet that is being considered now.
I truly believe that Joe's intentions are honorable and he is in fact trying to put together a very intense and intricate conglomerate. Others have joined only to benefit themselves and are looking for a big payout as soon as they can get it, hence the valuations of Veneto and the payouts to some of the CEOs. The truth is we have very little choice but to let Joe do what he does, hoping that in fact the shareholders will be rewarded. I know Joe has gone from the demise of old Generx, to the birth of new Generx, which means there is a long period of him not being paid, unless he has a trust fund or a ton of money from prior dealings he's been going on five years without receiving any income from Generx we do know he has health insurance.
My point is that we have to be very leery of the gray area that everyone is dealing in and we have to understand what our real power is. The talk of class action suits and other legal action requires upfront money and years of time in the meantime we're trying to raise funding that our CEO has told us would be better off waiting until we reach the NASDAQ yet we are filing an s-1 in the coming weeks. I'm assuming Joe has found favorable funding. I am not attacking Joe but he is the first one to say he is getting nothing from the company and that things have improved drastically from the old days even though he's not responsible for the old days, yet I continue to see gray areas being manipulated and I wonder what's behind the manipulation I guess I'm just cynical I keep hearing Forrest Gump in the back of my head "I am not a smart man but I do know when something doesn't feel right and that's all I have to say about that"
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