GNBT is burning 50,000 shares/day … 1.5m shares/month.
GNBT is burning 50,000 shares/day … 1.5m shares/month. We are only averaging 200,000 shares trading in a day. So, a quarter of all shares being are through dilution. Without news and therefore without attracting new investors we will continue to slide. I’m expecting another 3 - 6m (2-4 months) shares added before we get money in … either IPO, licensing or revenue. I fully expect to hit $0.20 a share before we see any money. I look at it this way … say I buy 100k at $0.25 … so I spend $25k. I’m looking at being down $5k. I can’t see it going much lower after the doldrums of last winter. On the upside if we get some good news in August or September could we get over $0.50 (up 100%) like we did in February? Could we get to 800k - 1m shares trading per day? But in reality we are all here to see $3 … $5 … $15/share in the next 6 months to a year. That kind of return doesn’t come without high risk and low probability… I wish Joe had news now … Joe wishes he had news now …
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Generex Biotechnology Corp. (GNBTQ) Stock Research Links
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