Hey GMIN, the general demeanor in your posts,

Hey GMIN,

the general demeanor in your posts, for my taste, is in general a little bit too negative. While I agree with some of what you wrote, I personally would not want to spill the baby with the water, as we say here in Germany.

Let me reply to your points one by one.

* continued poor communication. I guess we can all agree on that. Joe's bragging about full transparency and the best communication ever seen in a company, compared to the current reality does not reflect what I would consider great communication of a company to its shareholders. I fully agree with that, and especially the "no follow-ups" is exactly one of the biggest problems that I see. Promising something to happen "soon", or within a certain time frame, and then not at all hearing about it again, is surely one of THE MAIN things that frustrates me as well about the company's communication with us.

* Class A/B, NGIO IPO. I do not fully agree there. For sure it sounded very different when we were told that we, GNBT shareholders, would receive NGIO shares as a dividend. For sure I was not expecting that we have to wait more than 1.5 years for the NGIO IPO, and once the shares would finally start trading, that I have to wait another - up to - 1.5 years, before I can cash in on this dividend.
With that said, however, I do not agree with you on the fact that the Class A NGIO shareholders would not immediately benefit from the IPO, and that it would be a double loss. I actually have not doubt in my mind that right after the IPO the GNBT share price (and Class A shareholders have to be GNBT shareholders also, or at least once were, because the only way to receive Class A was via the GNBT dividend.) will significantly increase, for two reasons in particular.
1) the value of the NGIO shares that GNBT continues to hold, will definitely be made visible, and
2) the capital that GNBT will generate from this IPO will surely stop the steady bleeding dilution just to cover operating expenses, as well as it makes the necessary funding available to close the deal on AltuCell, jump start the Excellagen market roll-out (why that has actually not happened via the CC announced financing, or at least why we haven't been informed about it, is beyond my comprehension), fund further activities in regards to the RPM etc. So these are all very good reasons why the GNBT PPS will increase due to the IPO. This in fact is the reason why I think that this is one of the most important things that GNBT's management should get this done ASAP.
And besides the Class A NGIO shares will, by no means be worthless. Each of these shares represents a fractional ownership to the NGIO company. In the best of all cases, they get their "Complete Vaccine" FDA approved, and it turns out to be a block buster, and the NGIO share price sky rockets at least as much as the NVAX PPS did after the BARDA approval announcement. And then you have shares worth $100/sh or more in your broker account, the only thing is that you have to wait another couple of months before you can cash in on them. Just because the SevenEleven store is closed today, and you have to wait until 7 a.m. tomorrow, you do not trash your winning lottery ticket, right? So I do not really understand that statement "worthless Class A shares".
*NUGX of no interest to GNBT management. Not at all true. The only thing is that they seem to not be able to do much about it as of now. They can only react to it. And you might have read Joe's statement on here, that it is the person's fault, who started the NUGX trading, that they now had to make the distinction between Class A/B NGIO shares. This is for sure Joe's concern, and very likely is - at least one of - the reason(s) why the IPO got delayed once again.
With all that happened to GNBT in this regard, there really seem to be serious forces at play, that seem to be trying everything they can to stop GNBT from making progress, and maybe one day realize its own uplist to Nasdaq. For sure there are mistakes that Joe and his team made, but for sure there are also things that have happened that are out of GNBT's control, that got us all, where we are today.
* a joke? If you consider all of this a joke? Well, then your sense of humor must be very much different from mine, because I can honestly not laugh about this current situation anymore, and I would surely like to see a reversal of the pps trajectory better yesterday than today, but no later than tomorrow, and for sure not "soon", as the "soon" still seems to be too vague and far away, at least in Joe's obvious time scales.

Still there is not just black and white to see here, but rather still a lot of shades of gray inbetween. Still, GNBT management, please send us a follow up to all the positive leads you shared with us during the CC, which is already a month ago already! I think we all deserve an update. THANK YOU VERY MUCH!