Everyone making great points all around. I take a
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Posted On: 01/03/2020 1:53:38 PM
Everyone making great points all around. I take a couple of things from today's PR...
1. FINRA is still actively involved in what GNBT is trying to complete, since they needed to update the previous 1:1 stock exchange. I can totally understand that FINRA was not working during 2 weeks of holidays, especially with the holiday falling on a Wednesday, then no one works the week. Also, I don't see any upcoming corp actions right now on Finra
http://finra-markets.morningstar.com/MarketDa...0P000002DV
2. Then Joe mentioned that once the dividend is paid, they can concentrate on building the enterprise value. I think this is important. I believe they have not been releasing their progress on their efforts since the pending 40% haircut will just decrease the value of the news. I think they are holding off and will be able to really start to increase the value of GNBT once the dividend is paid, hence why they did not really want to delay this dividend, however it was a FINRA requirement. Once we get our dividend, then the stock can hopefully start to become relevant again.
However I do like the move in stock price today. Maybe someone else is reading between the lines in Joe's PR and take a gamble that good news is coming.
1. FINRA is still actively involved in what GNBT is trying to complete, since they needed to update the previous 1:1 stock exchange. I can totally understand that FINRA was not working during 2 weeks of holidays, especially with the holiday falling on a Wednesday, then no one works the week. Also, I don't see any upcoming corp actions right now on Finra
http://finra-markets.morningstar.com/MarketDa...0P000002DV
2. Then Joe mentioned that once the dividend is paid, they can concentrate on building the enterprise value. I think this is important. I believe they have not been releasing their progress on their efforts since the pending 40% haircut will just decrease the value of the news. I think they are holding off and will be able to really start to increase the value of GNBT once the dividend is paid, hence why they did not really want to delay this dividend, however it was a FINRA requirement. Once we get our dividend, then the stock can hopefully start to become relevant again.
However I do like the move in stock price today. Maybe someone else is reading between the lines in Joe's PR and take a gamble that good news is coming.
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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.