They do not have those shares. This is a prospectus that GNBT wants to sell them those shares to get the money to fund operations.
Quote:
Anyone yet digest how these guys came to have these shares? It looks like they were/will be given most of them as part of this S-1 $40MM deal? If so, that would seem to be a larger amount of dilution than Joe said he wanted...
Generex Biotechnology Corp. (GNBTQ) Stock Research Links
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.