They could in theory pay the due bill div and have CMF
They could in theory pay the due bill div and have CMF cover the div for shares they sold without due bill. That would keep the original div and dilution equal. The problem is others have honored the agreement and missed selling opportunities and are suffering with the same setbacks related to pps that GNBT and the rest of us are suffering. NASDAQ is delayed due to pps and that sets everything else back. CMF can make good on covering the div but how are they going to make up for the time and money lost. I think TC has the best plan so far. I don’t know if CMF would agree to it but it may be in their best interest so who knows. All along I’ve said the div should be paid regardless of pps because of wavering confidence and as someone else stated to let the stock trade clean. I wish that was the case but this matter has to be addressed first. TCs plan could be drafted by a lawyer for each party and signed in a day.
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