Hylander, what has been "worked out" about the ini
Post# of 36566
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Posted On: 05/25/2021 11:30:08 AM
Hylander, what has been "worked out" about the initial listing of NUGX? Does it not seem strange to you that no one in management seems to care that shares of a company it runs have been listed for trading on a market? Just because there are some of us who ask questions and, as shareholders, deserve answers, does not make us naysayers, or bashers, or any of the other names that are thrown about. Also, telling an individual shareholder to "go find out," something so integral to the company's business is, as my generation used to call it, a "cop out."
Actually, GMIN makes a good point: if there were no NUGX, then there would be no need for two classes of shares, because those shares likely would remain restricted. Moreover, the stated method of conversion of Class A to Class B, barring some bizarre set of circumstances, will effectively result in a reverse split of those Class A shares when they convert to Class B shares. Even though I did not have a cost basis for those shares, there remains the inescapable fact that the issuance of those shares had, is having, and will have an impact on the value of our GNBT shares as well. So yeah, I care about who started NUGX, especially if someone who is not management can do this to a company. I would think that the folks who actually control the company, and have a fiduciary obligation to their shareholders, likewise would not only want to know, but actually would find out, and then advise the shareholders accordingly, in order to reassure them that their investment is not being ignored.
Actually, GMIN makes a good point: if there were no NUGX, then there would be no need for two classes of shares, because those shares likely would remain restricted. Moreover, the stated method of conversion of Class A to Class B, barring some bizarre set of circumstances, will effectively result in a reverse split of those Class A shares when they convert to Class B shares. Even though I did not have a cost basis for those shares, there remains the inescapable fact that the issuance of those shares had, is having, and will have an impact on the value of our GNBT shares as well. So yeah, I care about who started NUGX, especially if someone who is not management can do this to a company. I would think that the folks who actually control the company, and have a fiduciary obligation to their shareholders, likewise would not only want to know, but actually would find out, and then advise the shareholders accordingly, in order to reassure them that their investment is not being ignored.
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