Homer, the problem here is not that the other waiv
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Posted On: 12/02/2019 10:12:34 PM
Re: homerbedloe #9400
Homer, the problem here is not that the other waivers will want to sell this low, but a lot of the deals were done at $2.50 with agreements that the price falls below a price, like $1.25, they get more shares to make them whole. This could be a huge issue too.
“I tend to agree that CMF’s bad behavior doesn’t necessarily entitle others who signed the waiver to the dividend, but the attorneys will have to decide. I don’t think the other folks will sell their shares at $.80 - many of those shares came from deals where they were applied as currency at $2.50 a share. Why would the holders suddenly decided to take $.80/share for the controlling interest in their former stand alone companies, particularly with the potential pps gains if GNBT executes its plan? “
“I tend to agree that CMF’s bad behavior doesn’t necessarily entitle others who signed the waiver to the dividend, but the attorneys will have to decide. I don’t think the other folks will sell their shares at $.80 - many of those shares came from deals where they were applied as currency at $2.50 a share. Why would the holders suddenly decided to take $.80/share for the controlling interest in their former stand alone companies, particularly with the potential pps gains if GNBT executes its plan? “
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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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