The following does not make sense - it says divide
Post# of 36566
(Total Views: 238)
Posted On: 01/20/2020 12:23:12 PM
The following does not make sense - it says dividend waiver states Gnbt would unrestricted shares if uplist did not occur by 7/14/19...gnbt only first announced 1:1 on 6/20/19 and in that PR it clearly said that gnbt did not meet the listing requirements....and in that PR it says by 10/31...so why would the waiver with CMP says by 7/14/19?
CMP’s dividend waiver agreement did not include any requirement that CMP hold its GNBT shares in “book entry.” In fact, the agreement specifically stated that if GNBT’s hoped-for uplisting to NASDAQ did not occur by July 14, 2019, “CMP may unrestrict and GNBT will provide support as reasonably requested by CMP (including provision of an opinion letter for removal of any restrictive legend) for the ability of CMP to unrestrict CMP’s 4,000,000 shares on July 14, 2019, such that CMP may publicly sell the securities subject to the waiver subject to applicable, if any, resale limitations contained for non-affiliates in Securities Act Rule 144 as CMP is not an affiliate pursuant to Rule 144 at this time.”
CMP’s dividend waiver agreement did not include any requirement that CMP hold its GNBT shares in “book entry.” In fact, the agreement specifically stated that if GNBT’s hoped-for uplisting to NASDAQ did not occur by July 14, 2019, “CMP may unrestrict and GNBT will provide support as reasonably requested by CMP (including provision of an opinion letter for removal of any restrictive legend) for the ability of CMP to unrestrict CMP’s 4,000,000 shares on July 14, 2019, such that CMP may publicly sell the securities subject to the waiver subject to applicable, if any, resale limitations contained for non-affiliates in Securities Act Rule 144 as CMP is not an affiliate pursuant to Rule 144 at this time.”
(0)
(0)