Hi Buildit - I think GNBT did not make sure their
Post# of 36564
(Total Views: 295)
Posted On: 02/26/2020 8:03:19 PM
Hi Buildit - I think GNBT did not make sure their press releases were accurate before issuing.
In any case, I spoke to 2 different people at FINRA, both said if GNBT reached out to FINRA, they can look into changing the record date.
Also, another idea would be for GNBT to issue another NGIO dividend...For example, for every 50 GNBT shares, the investor gets 1 NGIO share? Something small but will give people a chance to buy/hold GNBT shares, and all the buyers who purchased GNBT shares from 2/13 to 2/24 will feel better that now we have another chance to get the NGIO shares that we thought we were going to get, but did not.
Thoughts?
Buildit wrote -
A brief commentary. Either:
A) Joe had no idea the way this NGIO div was going to work, as far as the dates go. In which case it is ridiculous for him to throw insults at us about how we "don't know our investment" or didn't do our due diligence (as he has been doing) or,
Joe DID understand the minute details of the way these obscure date rules would work, and he was utterly incompetent in his communication of this information and functionality of this system.
What do you guys think? Is there another option? It can't be that he wasn't involved, as he was quoting dates on con call remarks and during Q&A.
Personally, I go with option A, based on the timing of today's PR, the way Joe reacted somewhat aggressively today, etc.
Either way, disappointing.
Read More: https://investorshangout.com/post/newpost/622...z6F6zcDSte
In any case, I spoke to 2 different people at FINRA, both said if GNBT reached out to FINRA, they can look into changing the record date.
Also, another idea would be for GNBT to issue another NGIO dividend...For example, for every 50 GNBT shares, the investor gets 1 NGIO share? Something small but will give people a chance to buy/hold GNBT shares, and all the buyers who purchased GNBT shares from 2/13 to 2/24 will feel better that now we have another chance to get the NGIO shares that we thought we were going to get, but did not.
Thoughts?
Buildit wrote -
A brief commentary. Either:
A) Joe had no idea the way this NGIO div was going to work, as far as the dates go. In which case it is ridiculous for him to throw insults at us about how we "don't know our investment" or didn't do our due diligence (as he has been doing) or,
Joe DID understand the minute details of the way these obscure date rules would work, and he was utterly incompetent in his communication of this information and functionality of this system. What do you guys think? Is there another option? It can't be that he wasn't involved, as he was quoting dates on con call remarks and during Q&A.
Personally, I go with option A, based on the timing of today's PR, the way Joe reacted somewhat aggressively today, etc.
Either way, disappointing.
Read More: https://investorshangout.com/post/newpost/622...z6F6zcDSte
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