I had expressed interest in purchasing some of the

I had expressed interest in purchasing some of the preferred, when Joe was still friendly to me, however now I wouldn’t touch them. No voting rights, a sinking fund to provide you the first 3 years of dividends that is essentially giving you back your own money since GNBT will put 39% in that fund and keep 61% for funding (less fees of course). So that means you get taxed for dividends when you are being paid back your principal which should not be taxed. Joe is going to say I don’t know what I’m talking about, but I know dividends and return of principal thru REITs. If GNBT and NGIO had revenues coming in, then the preferreds could work, but I don’t know who is going to buy without a revenue stream to get paid back their money. Jmo

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.