Why would the public format not be applicable? Th
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Posted On: 02/26/2020 12:44:13 PM
Why would the public format not be applicable? The single qualifier for this div was to own GNBT ( a public company) shares through the pay date. The fact that he issued a pr explaining this is proof in itself that it was not clear. Couple that with docs not being posted to Finra until the pay date (intentional or not) is can be viewed as suspicious fueling doubt and speculation. I do not like this from any perspective.
Also side note. If I am correct that this is strictly a GNBT action no additional shares would have to be issued. The NGIO shares should follow the same pay due bill as the GNBT shares. I sincerely hope Joe makes this right for those affected. This could turn into a pr mess at exactly the wrong time. The last thing we need is to feed more fuel to the Looney’s on the YMB.
Also side note. If I am correct that this is strictly a GNBT action no additional shares would have to be issued. The NGIO shares should follow the same pay due bill as the GNBT shares. I sincerely hope Joe makes this right for those affected. This could turn into a pr mess at exactly the wrong time. The last thing we need is to feed more fuel to the Looney’s on the YMB.
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