.564 is the correct price - take .7905 closing pri
Post# of 36568
(Total Views: 237)
Posted On: 02/25/2020 8:37:30 AM
.564 is the correct price - take .7905 closing price of yesterday and multiply by 5, divide by 7. If you ever want to know in the future what the price of the shares were prior to this dividend, take the daily post dividend price and multiply by 7 and divide by 5.
This is why I think Joe did everyone a very big favor changing the dividend from a 1:1 GNBT divi to a 2:5 GNBT & NGIO divi. The price adjustment for the dividend today only reflects the value of the GNBT shares being granted - it prices the value of NGIO at $0. So when NGIO spins out and starts trading, we receive the value of our NGIO shares (at the initial trading price) but there was no reduction in GNBT's price when those dividends were granted. Like getting something of value for nothing, just have to wait a month or two to realize that value.
OK, one pet peeve, and it is with whomever quotes the price (FINRA, OTC?). So they managed EVERY time to reflect the price adjustment when there is a dividend issued, but they FAILED to reflect the price adjustment when Joe retired 20 million shares (about the same as what was issued today). I wonder just how much that ultimately cost the shareholders, and whether if that had been reflected correctly, we could have maintained a share price much closer to $2 level needed for NAS uplist. Not saying there is a conspiracy against GNBT, but there sure have been some funny happenings associated with this process, and it always is in the same direction (and that is not in the shareholders' favor). Maybe this will finally clean it all up - time will tell.
This is why I think Joe did everyone a very big favor changing the dividend from a 1:1 GNBT divi to a 2:5 GNBT & NGIO divi. The price adjustment for the dividend today only reflects the value of the GNBT shares being granted - it prices the value of NGIO at $0. So when NGIO spins out and starts trading, we receive the value of our NGIO shares (at the initial trading price) but there was no reduction in GNBT's price when those dividends were granted. Like getting something of value for nothing, just have to wait a month or two to realize that value.
OK, one pet peeve, and it is with whomever quotes the price (FINRA, OTC?). So they managed EVERY time to reflect the price adjustment when there is a dividend issued, but they FAILED to reflect the price adjustment when Joe retired 20 million shares (about the same as what was issued today). I wonder just how much that ultimately cost the shareholders, and whether if that had been reflected correctly, we could have maintained a share price much closer to $2 level needed for NAS uplist. Not saying there is a conspiracy against GNBT, but there sure have been some funny happenings associated with this process, and it always is in the same direction (and that is not in the shareholders' favor). Maybe this will finally clean it all up - time will tell.
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