Sorry, that I am being so negative recently, but a
Post# of 36537
(Total Views: 247)
Posted On: 12/13/2019 5:18:03 AM
Re: Paul Jackson #10002
Sorry, that I am being so negative recently, but all that I read about this financing deal that Joe appears to be so excited about, sounds to me like exactly that kind of (at least borderline) toxic that Joe always said he wanted to avoid.
During the CC he said that he did not want to pay the 1:1 dividend on 11/29, because he would have had to pay it as well to those that actually agreed to waive the dividend. This would add 20+ million shares and pumps the number of OS to almost 90M. In previous CCs he answered me personally that he had postponed the acquisition of the chain of walk-in pharmacies until the uplisting was achieved, because he was planning on a non-dilutive all debt financing for this acquisition. Now we are looking at 10s of millions of additional shares, because GNBT needs to secure working capital right now for the next 2 to 3 years?
What has caused this change? The CMF issue which caused a delay in the uplisting process? Are GNBT's business partners getting impatient? What if the PPS drops further, as it seems very much unpredictable how the pps will respond on the next (hopefully good) news and when the heavily discussed, assumed crooks of Wall Street will finally let GNBT of the hook and allow the pps to move up again? So what if the pps will not rebound as everyone hopes (including myself, of course), will the still follow through with raising $40M?
I am confused and currently not as convinced about this investment as I still was a couple of weeks ago and it has less to do with the significantl plunged pps, but more with the most recent actions of GNBT's management.
Your thoughts?
During the CC he said that he did not want to pay the 1:1 dividend on 11/29, because he would have had to pay it as well to those that actually agreed to waive the dividend. This would add 20+ million shares and pumps the number of OS to almost 90M. In previous CCs he answered me personally that he had postponed the acquisition of the chain of walk-in pharmacies until the uplisting was achieved, because he was planning on a non-dilutive all debt financing for this acquisition. Now we are looking at 10s of millions of additional shares, because GNBT needs to secure working capital right now for the next 2 to 3 years?
What has caused this change? The CMF issue which caused a delay in the uplisting process? Are GNBT's business partners getting impatient? What if the PPS drops further, as it seems very much unpredictable how the pps will respond on the next (hopefully good) news and when the heavily discussed, assumed crooks of Wall Street will finally let GNBT of the hook and allow the pps to move up again? So what if the pps will not rebound as everyone hopes (including myself, of course), will the still follow through with raising $40M?
I am confused and currently not as convinced about this investment as I still was a couple of weeks ago and it has less to do with the significantl plunged pps, but more with the most recent actions of GNBT's management.
Your thoughts?
(0)
(0)Generex Biotechnology Corp. (GNBTQ) Stock Research Links
Scroll down for more posts ▼