Hi Hylander, based on the way I understood the
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Posted On: 01/18/2021 7:35:32 AM
Hi Hylander,
based on the way I understood the statement from Joe in that interview (the section starting at minute 31/32; his clear statement at 34:50 into the video) he is only talking about the 3 contracts he has signed with the Chinese entity, and that he would receive a total of $65 Mill. in "up front payments".
When I clearly think about it, I can understand Buildit's point view, as a payment made after FDA (or chinese equivalent) approval, would also count as "up front", in this case meaning "prior to mass production and sales", but the way it sounded in that interview I understood it as if Joe stated "I am expecting to receive for payments of a total amount of $65 mill. as a result of the signing of the 3 mentioned contracts!"
That is the way it sounded to me. And here we are back in the guessing game. We surely and truly would need a better and clearer communication from/with the GNBT management, such that we can stop the guess work. And if Joe is able to make these kinds of statements in public (such as this YouTube video) there cannot be anything hindering him to release the same kind of information as well in a PR, right?
In any way, the new information given to us in this interview are surely promising to say the least and I am definitely looking positive into the next weeks and months in regards to my GNBT investment.
Happy MLK day today for all of you on the other side of the Atlantic
based on the way I understood the statement from Joe in that interview (the section starting at minute 31/32; his clear statement at 34:50 into the video) he is only talking about the 3 contracts he has signed with the Chinese entity, and that he would receive a total of $65 Mill. in "up front payments".
When I clearly think about it, I can understand Buildit's point view, as a payment made after FDA (or chinese equivalent) approval, would also count as "up front", in this case meaning "prior to mass production and sales", but the way it sounded in that interview I understood it as if Joe stated "I am expecting to receive for payments of a total amount of $65 mill. as a result of the signing of the 3 mentioned contracts!"
That is the way it sounded to me. And here we are back in the guessing game. We surely and truly would need a better and clearer communication from/with the GNBT management, such that we can stop the guess work. And if Joe is able to make these kinds of statements in public (such as this YouTube video) there cannot be anything hindering him to release the same kind of information as well in a PR, right?
In any way, the new information given to us in this interview are surely promising to say the least and I am definitely looking positive into the next weeks and months in regards to my GNBT investment.
Happy MLK day today for all of you on the other side of the Atlantic
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