Joe, sorry you are having to deal with this mess w
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Posted On: 12/02/2019 9:44:35 PM
Joe, sorry you are having to deal with this mess which you have worked SO HARD for us shareholders!
What are your thoughts on going to CMF and telling them they must buy 2M restricted shares from Generex (share count goes up 2M) at the price of $2.50/share that has been used in all your deals. This would give $5M to Generex. Then Generex would announce a share repurchase agreement on the open market for $5M to be completed in 1 month. This puts CMF back in compliance, and allows Generex to control the repurchase in the open market, so the share price can rise on Generex's terms and not be done on CMF advantage of buying shares at a low price here.
Thoughts?
What are your thoughts on going to CMF and telling them they must buy 2M restricted shares from Generex (share count goes up 2M) at the price of $2.50/share that has been used in all your deals. This would give $5M to Generex. Then Generex would announce a share repurchase agreement on the open market for $5M to be completed in 1 month. This puts CMF back in compliance, and allows Generex to control the repurchase in the open market, so the share price can rise on Generex's terms and not be done on CMF advantage of buying shares at a low price here.
Thoughts?
Quote:
Also what was said doing the dividend would put another 21 million that we’d have to chew threw if the dividend was paid to everyone, plus the 23 mill approx was supposed to be, for close to 90 million shares, at 40 cents - plus 40 million at 40 cents in the financing hahaha good luck getting over 40 cents for a very long time as I said in the call, that’s why we have to find out what’s the legalities, are the waivers still in effect, what legal remedies do we have, just doing a dividend cutting us in half and then never getting over 40 cents again for a very long time would mean no nasdaq listing, so what your saying is your fine staying on the otc, your fine chewing threw an additional 20 million shares plus plus plus, humm ok duly noted. Like I said here and on the call we will have answers this week.
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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.