Good morning, hylander: While you are right abo
Post# of 36568
(Total Views: 381)
Posted On: 12/15/2021 10:26:15 AM
Good morning, hylander:
While you are right about the pre-COVID SP, and that fact that it has dropped since, the remaining problem is that there was no evidence even before COVID of follow-through and revenue generation for any of the products or services that GNBT/NuGen promoted. On top of that were the purported "bad actors" (Creek Mountain and Veneto) whose alleged actions allegedly adversely affected the SP. In the meantime, however, while (as you point out accurately) other businesses are opening up, and states are (at least for the moment) no longer locked down with restrictions, GNBT/NuGen continues as if the entire country remains at the nadir of an economic and societal crisis.
Now, the inference some have drawn is that the companies are the subject of a gag order as a result of an SEC investigation. As far as i have been able to determine, there is no other instance of a company under an investigation by the SEC being ordered not to let its shareholders know even that there is an investigation. Unless GNBT/NuGen became the subject of an investigation when the SP was $3.28, it is mighty convenient to blame the current SP and lack of communication on an investigation, when the major fall in SP took place between July and December, 2019. As I recall, there were CCs and PRs during that time frame, and that was pre-COVID. While it is hard to recall what the specific excuses were back then, I can guarantee that generally, they were one of two things: (1) it's someone else's fault, or (2) just wait a little longer.
Some things never change...
While you are right about the pre-COVID SP, and that fact that it has dropped since, the remaining problem is that there was no evidence even before COVID of follow-through and revenue generation for any of the products or services that GNBT/NuGen promoted. On top of that were the purported "bad actors" (Creek Mountain and Veneto) whose alleged actions allegedly adversely affected the SP. In the meantime, however, while (as you point out accurately) other businesses are opening up, and states are (at least for the moment) no longer locked down with restrictions, GNBT/NuGen continues as if the entire country remains at the nadir of an economic and societal crisis.
Now, the inference some have drawn is that the companies are the subject of a gag order as a result of an SEC investigation. As far as i have been able to determine, there is no other instance of a company under an investigation by the SEC being ordered not to let its shareholders know even that there is an investigation. Unless GNBT/NuGen became the subject of an investigation when the SP was $3.28, it is mighty convenient to blame the current SP and lack of communication on an investigation, when the major fall in SP took place between July and December, 2019. As I recall, there were CCs and PRs during that time frame, and that was pre-COVID. While it is hard to recall what the specific excuses were back then, I can guarantee that generally, they were one of two things: (1) it's someone else's fault, or (2) just wait a little longer.
Some things never change...
(2)
(0)