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  4. Generex Biotechnology Corp. (GNBTQ) Message Board

Well the recent letter basically describes that th

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Post# of 36566
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Posted On: 12/17/2020 8:38:37 PM
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Posted By: bwolfy2002
Re: tc2000chartreader #24620
Well the recent letter basically describes that they don’t even have a bank account yet to pay out of, so perhaps upon execution means with the entity once it’s fully set up in a way that from it, it can pay. Kinda iffy there, but it makes sense that the gov’t would need to approve the entity before they could funnel $5MM cash into an account or even set the account up. I mean on our side that would draw all sorts of anti-money laundering attention too, not to mention our banks have to “know your client”. It’s a stretch as to why they wrote it the way they did, but reality is they can’t pay yet.


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