Haha...I think Joe is even more optimistic than I
Post# of 36537
(Total Views: 510)
Posted On: 12/12/2019 5:48:54 PM
Haha...I think Joe is even more optimistic than I am...he should be Tony Robbins. lol!
Well...the thing is if AE37 reports good results..I think Joe mentioned it before...so far, the results are off the chart good...PPS should take care of itself...not sure when...but in the coming years...if lucky, maybe in the coming months...haha...GNBT could be a billion dollar company overnight.
...
Regarding your question on $2.2 million...see below, I copied and pasted from S1...so, the loan is already closed...GNBT should have the money already.
From S1 -
On December 5, 2019, we closed under a securities purchase agreement with an investor pursuant to which we sold a convertible note bearing interest at 12% per year in the principal amount of $2,200,000. The purchase price of the note was $2,000,000 and the remaining $200,000 of principal amount represents original issue discount and issued 100,000 shares of common stock for the commitment. Subject to certain ownership limitations, the note will be convertible at the option of the holder at any time into shares of our common stock at a conversion price equal to the lesser of
• A price determined as of the date of closing; and
• 95% of the Market Price, the mathematical average of the 5 lowest individual daily volume weighted average prices of the Common Stockless $0.05/share.
Well...the thing is if AE37 reports good results..I think Joe mentioned it before...so far, the results are off the chart good...PPS should take care of itself...not sure when...but in the coming years...if lucky, maybe in the coming months...haha...GNBT could be a billion dollar company overnight.
... Regarding your question on $2.2 million...see below, I copied and pasted from S1...so, the loan is already closed...GNBT should have the money already.
From S1 -
On December 5, 2019, we closed under a securities purchase agreement with an investor pursuant to which we sold a convertible note bearing interest at 12% per year in the principal amount of $2,200,000. The purchase price of the note was $2,000,000 and the remaining $200,000 of principal amount represents original issue discount and issued 100,000 shares of common stock for the commitment. Subject to certain ownership limitations, the note will be convertible at the option of the holder at any time into shares of our common stock at a conversion price equal to the lesser of
• A price determined as of the date of closing; and
• 95% of the Market Price, the mathematical average of the 5 lowest individual daily volume weighted average prices of the Common Stockless $0.05/share.
(1)
(0)Generex Biotechnology Corp. (GNBTQ) Stock Research Links
Scroll down for more posts ▼