I don't post much but made a couple purchases of s
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Posted On: 01/22/2020 10:02:20 AM
I don't post much but made a couple purchases of shares a while back and am deeply in the red, like I expect most are.
My concern isnt so much the dividends as it is the s1 filing. If/when it becomes effective, wheres the $40 million coming from? There doesnt appear to be an underwriter so whomever is leading this offering has to actually go out and raise it.
But $40 million is worth more than the entire company. WIll the banker raise any capital for a 60 cent stock and one that isnt on nasdaq? Is the hope the stock rises over $2?
Was unable to join the call yesterday but will read the transcript when its available, maybe the answers are there. I still believe gnbt has a real shot to succeed in the long term. I'd buy more down here and average down if the above made some sense.
My concern isnt so much the dividends as it is the s1 filing. If/when it becomes effective, wheres the $40 million coming from? There doesnt appear to be an underwriter so whomever is leading this offering has to actually go out and raise it.
But $40 million is worth more than the entire company. WIll the banker raise any capital for a 60 cent stock and one that isnt on nasdaq? Is the hope the stock rises over $2?
Was unable to join the call yesterday but will read the transcript when its available, maybe the answers are there. I still believe gnbt has a real shot to succeed in the long term. I'd buy more down here and average down if the above made some sense.
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