I just bought enough NUGX shares to round up my total to the next 1000 increment. I bought them in my TDA IRA account and moved them to my TDA ROTH. From the time I put in my Limited All or None bid to the completed transfer, it took two weeks. Point is, the OTC Pink is not a speedy place to do trading.
If we truly want to see GNBT/NGIO succeed, then we must be patient and endure the process pain. And there is more to come.
GNBT immediate fortunes (and maybe long term) rides solely on NuGenerex.
NuGenerex fortunes rides on the IPO and the critical capital infusion.
Because of the NUGX Pink creation, NuGenerex now has to issues new shares. This is taking time and money.
(We can complain, point fingers, etc., but it won’t change a damn thing! The past is the past and will not change)
The existing NUGX dividend shares will need to be exchange for the newly created Class A shares.
When the exchange takes place is at the company’s discretion.
After the duly authorize Class A shares are issued, maybe they might be tradable on the regular OTC and not the Pink Sheets.
Regardless of what and when that happens to our FREE dividend shares, in the short term, if our real concern is about the long term future of GNBT/NGIO, we will want NuGenerex to get as much $$$ as possible for their IPO and let our Class A shares take a pps hit for the time being.
We cannot control how the Market will evaluate GNBT immediately after the NGIO IPO.
Eventually, in the long run, GNBT will rise on the fortunes of NuGenerex and the other companies that GNBT holds, as GNBT is able to infuse them with the cash they need to be successful.
I have now completed my thought about the current situation. All readers are free to ignore the above comments and continue whining.
If we truly want to see GNBT/NGIO succeed, then we must be patient and endure the process pain. And there is more to come.
GNBT immediate fortunes (and maybe long term) rides solely on NuGenerex.
NuGenerex fortunes rides on the IPO and the critical capital infusion.
Because of the NUGX Pink creation, NuGenerex now has to issues new shares. This is taking time and money.
(We can complain, point fingers, etc., but it won’t change a damn thing! The past is the past and will not change)
The existing NUGX dividend shares will need to be exchange for the newly created Class A shares.
When the exchange takes place is at the company’s discretion.
After the duly authorize Class A shares are issued, maybe they might be tradable on the regular OTC and not the Pink Sheets.
Regardless of what and when that happens to our FREE dividend shares, in the short term, if our real concern is about the long term future of GNBT/NGIO, we will want NuGenerex to get as much $$$ as possible for their IPO and let our Class A shares take a pps hit for the time being.
We cannot control how the Market will evaluate GNBT immediately after the NGIO IPO.
Eventually, in the long run, GNBT will rise on the fortunes of NuGenerex and the other companies that GNBT holds, as GNBT is able to infuse them with the cash they need to be successful.
I have now completed my thought about the current situation. All readers are free to ignore the above comments and continue whining.
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