100% agreed, Doc, I am not saying that the most im
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Posted On: 01/18/2020 6:15:17 AM
100% agreed, Doc, I am not saying that the most important thing now is to get this dividend paid out, such that the company and management team can move on and focus their attention to other, more important things for the business.
My point is that they and anyone on here should stop trying to convince us or themselves that this changed dividend is better than the 1:1 initially promised to us. Of course, even this dividend is worth holding on to all my shares for and if they would've offered it like this (2x 2:5) in the first place, I guess I would have been similarly excited to receive it, but this way I do not want to hear any further attempts to convince me that I am better off with the new definition of the dividend, compared to the original 1:1, because this not the case and that is a fact! That is all I wanted to point out.
In the end this change to the dividend is as well a consequence of the drastically lower pps and thus as well part of the damage that the illegal selling of shares by the Veneto partners and CMF has caused, as I am quite sure that we would have received the dividend already in October and as the 1:1, if these crooks wouldn't have breeched the agreements, held onto their shares and the pps would still be in the several dollars per share range.
So it is not just the reduced price per share that hurt us as "loyal shareholders", it is the delayed payout and the reduced value (even in terms of ownership percentage, not just absolute dollar amount) of the dividend we will receive (hopefully very soon!!).
I am sure that nobody has that in mind, even if the illegal sellers can successfully be forced to compensate the company and us shareholders for their wrong doings. My general concern, related to this, is that it will most likely take very long (maybe years!?) until these legal actions will be fought out and even if they will be successful from GNBT's perspective, either the compensation will be inadequate or CMF and/or Veneto partners will file for bankruptcy and the company will gain nothing except for the good feeling of having thought them a lesson.
Your thoughts?
My point is that they and anyone on here should stop trying to convince us or themselves that this changed dividend is better than the 1:1 initially promised to us. Of course, even this dividend is worth holding on to all my shares for and if they would've offered it like this (2x 2:5) in the first place, I guess I would have been similarly excited to receive it, but this way I do not want to hear any further attempts to convince me that I am better off with the new definition of the dividend, compared to the original 1:1, because this not the case and that is a fact! That is all I wanted to point out.
In the end this change to the dividend is as well a consequence of the drastically lower pps and thus as well part of the damage that the illegal selling of shares by the Veneto partners and CMF has caused, as I am quite sure that we would have received the dividend already in October and as the 1:1, if these crooks wouldn't have breeched the agreements, held onto their shares and the pps would still be in the several dollars per share range.
So it is not just the reduced price per share that hurt us as "loyal shareholders", it is the delayed payout and the reduced value (even in terms of ownership percentage, not just absolute dollar amount) of the dividend we will receive (hopefully very soon!!).
I am sure that nobody has that in mind, even if the illegal sellers can successfully be forced to compensate the company and us shareholders for their wrong doings. My general concern, related to this, is that it will most likely take very long (maybe years!?) until these legal actions will be fought out and even if they will be successful from GNBT's perspective, either the compensation will be inadequate or CMF and/or Veneto partners will file for bankruptcy and the company will gain nothing except for the good feeling of having thought them a lesson.
Your thoughts?
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