balleroni, it is required for the receipt of money
Post# of 36566
(Total Views: 244)
Posted On: 12/11/2020 12:21:55 PM
balleroni, it is required for the receipt of money thru the China transaction. Just like they did with the Bintai Kinder transaction, an 8K was generated.
EDIT: Going back to look at the Bintai deal, it was stated more clearly that the $2.65M would be paid within 2 weeks. Then it was followed up on the 10/8/2020 conf call by Joe that they rec'd the money. There never was a formal 8K filed showing the receipt of funds. So the China deals states $5M upon signing of the deal, so they should have the money. Would be nice for the company to confirm they rec'd the funds from China.
Quote:
Is an 8k required for every transaction? Is a press release sufficient? I suspect an 8k is more definitive ... but could there be a reason for not filing an 8k?
Read More: https://investorshangout.com/post/newpost/622...z6gKyNyl69
EDIT: Going back to look at the Bintai deal, it was stated more clearly that the $2.65M would be paid within 2 weeks. Then it was followed up on the 10/8/2020 conf call by Joe that they rec'd the money. There never was a formal 8K filed showing the receipt of funds. So the China deals states $5M upon signing of the deal, so they should have the money. Would be nice for the company to confirm they rec'd the funds from China.
(1)
(0)Generex Biotechnology Corp. (GNBTQ) Stock Research Links
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.