I have been thinking a lot, which usually is not good for me, however it put quite a bit into perspective about what has gone on over the last several years (2017 - present) for me.
For many, I know, that this all seems like a lifetime with Generex who have been longer, with multiple management coming and going with the same results except this time an implosion of the entire company.
For me, this is the first time I invested in a company where a CEO bragged about himself constantly, bragged about how he put on more conference calls than any CEO in companies and how he fought for all his thousands of shareholders or how many there are, all the while saying he worked for basically nothing.
Then this same CEO would later come on here and trash any shareholder who dared to disagree with him on basically anything all the while the shareholders are waiting, literarily craving for news as to what is going on.
This all went back and forth for quite a while. People even tried to defend the actions, tried to support Generex, willing to give the benefit of the doubt, because they believe in the science, they believe in the products, because, those have been proven.
The main problem though, while science and products were all proven, management was not and this is where everything fell apart. Conference calls gave false hopes, news gave false hopes and nothing was ever delivered. Then delays, then promises of a NASDAQ listing then nothing, then FDA approval was coming, then nothing, then no communication, then everyone left the company,
Then Bankruptcy.
Joe once said the shareholders meant everything to him.
Apparently, they don't. Generex is going to be a thing of the past and thanks to Joe, no one has anything to show for it. There was plenty of tough talk of the old management over the years, but they left a Generex to work with, shareholders to still rise from something.
We got a CEO who abandoned ship.
For many, I know, that this all seems like a lifetime with Generex who have been longer, with multiple management coming and going with the same results except this time an implosion of the entire company.
For me, this is the first time I invested in a company where a CEO bragged about himself constantly, bragged about how he put on more conference calls than any CEO in companies and how he fought for all his thousands of shareholders or how many there are, all the while saying he worked for basically nothing.
Then this same CEO would later come on here and trash any shareholder who dared to disagree with him on basically anything all the while the shareholders are waiting, literarily craving for news as to what is going on.
This all went back and forth for quite a while. People even tried to defend the actions, tried to support Generex, willing to give the benefit of the doubt, because they believe in the science, they believe in the products, because, those have been proven.
The main problem though, while science and products were all proven, management was not and this is where everything fell apart. Conference calls gave false hopes, news gave false hopes and nothing was ever delivered. Then delays, then promises of a NASDAQ listing then nothing, then FDA approval was coming, then nothing, then no communication, then everyone left the company,
Then Bankruptcy.
Joe once said the shareholders meant everything to him.
Apparently, they don't. Generex is going to be a thing of the past and thanks to Joe, no one has anything to show for it. There was plenty of tough talk of the old management over the years, but they left a Generex to work with, shareholders to still rise from something.
We got a CEO who abandoned ship.
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