Thinking more about it, you could buy as much shares of GNBT, get the free dividends and immediately sell GNBT shares (purchased and dividend) and get your money back. Then sit on the free NGIO shares until something happens with them. Wish I had more money to put in.
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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.