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I didn’t mean for it to be right or wrong, we all just want to help each other.
As far as the stock price, we are in uncharted territory. NuGenerex is adding revenue at such a fast pace, it is not just the anticipation of the new dividend. I honestly don’t know but the price should keep going up as the revenue continues to increase.
Here Ann. Stock dividends of this size are treated differently.
https://www.investopedia.com/articles/02/110802.asp
*Note: Different rules apply if the dividend is 25% or greater of the value of the security. In this case, the Financial Industry Regulatory Authority (FINRA) indicates that the ex-date is the first business day following the payable date. For further details on dividend issues, look at FINRA's website.
https://pocketsense.com/effect-spinoff-stock-price-1789.html
Sorry – but that is incorrect. This is a stock dividend and not a cash dividend so there are different requirements. With a stock dividend, you can purchase the stock up until the actual payable date and actually receive the shares. If you want to maintain your shares, you need to hold your stock to at least the day after the payable date which is February 25 of 2019. To be on the safe side you might want to wait until Wednesday, February 27 of 2019 if you’re considering selling GNBT shares.
Thx bball!
Very confident in that number. If you go back to one of the press releases or 8K filings from the dividend that was paid on December 3, you will see that the four individuals and two including John Moscato and three others donated their 20 share dividends back to the company. That adds up to 34 million shares that were donated back to the company to be used for growth projects.
The company has 34M shares of stock that the CEO and 3 others donated to the company to use for these purposes, without diluted our shares.
When the 20 share dividend happened, people who purchased on Friday 11/30/18 still rec'd the 20 shares on Monday 12/3/18. This is not a normal cash dividend which follows the ex dividend date then payable date rules. This is a 25% stock dividend which has different rules. I can say that on the prior dividend, as long as you purchased GNBT by the end of close on Friday 11/30/18, you rec'd the dividend on Monday 12/3/18.
If you are talking about the pre GNBT dividend back on 11/30/18, they are well beyond $20. The share price was $18.99/share on 11/30/18 and after the 20 share dividend, you end with 21 shares at $0.904/share. Now the price has gone up to $2.28/share. So the pre GNBT dividend effect would be a price of $47.88/share right now. Not a back move from $18.99 to $47.88 in a month and a half.
Point being he got his extra 20 shares. He keeps saying he did not get a ‘cash’ dividend.
First off, where is the complaint? Second, that is the same person that claims to not have rec’d cash dividends on 12/3/18. No one did since it was a stock dividend given. This person has admitted to have rec’d a forward split, which was the stock dividends.
For the most part they don't. Don't think a professional though would drop 40K at the close.
40000 shares dumped right at the close. Painting the tape for some reason. There were buyers all day that they didn't need to dump at the close. Just probably a short term trader that thought selling there would be buyers and didn't think the price would free fall to $1.60
Sounds like they were demoting Fletcher and talks didn’t go well so they parted ways. I thing wrong with that.
Nothing wrong with a short term trade. Good luck if you pull the trigger and buy some shares.
Namtae, at this point coming from a $2M market cap 3 months ago, to an $80M market cap, you could sell and get back in when YOU are more comfortable. I ‘believe’ very good things are ahead for us shareholders, so I ‘choose’ to stay long. That doesn’t mean I won’t trade some shares along the way. A company vision is not always easily searchable online.
I guess we can look forward to ‘execution of their plan’ to see how it all plays out. Since we are not privy to what they know and how they are going to ‘execute’, then we are along for the ride.
Docj, it is a lot of work and responsibility to moderate a bulletin board. Thank you for taking the time out of your busy life to keep this board on the topic of GNBT.
Thanks Orlando. Yes, this Natasha/frost person claims that she/he did not get their shares, however she/he just posted this “SEC will not buy this "childish" explanation:more shares equal dividends”. So obviously she/he got their shares and does not understand there are cash dividends AND stock dividends. Or purposely understands and just wants to maliciously try and hurt the company and the value of our shares.
Has anyone here not rec’d an add’l 20 shares for every 1 share you owned on 11/30/18?
Grobtekrebssvindl (Natasha), I guess you reported my previous reply. I just want you to know I am here to answer any questions on GNBT you may have. Together we can watch out GNBT stock increase in value.
Geez docj, do you sleep? lol
Thanks for detailing it all in on one complete dossier
sorry. Site had an error and my prior post was duplicates. I don’t see a delete button, so I just deleted the content. Moderators, feel free to delete this message.
I think one of the points docj, and NuGenerex (this post was theirs before deletion), is if the COO just helps steer the company, Joe as a consultant back then, had no power whatsoever to control the direction of the company, so he should not be blamed for past performance (non performance) of Generex.
Fair enough, however all options, warrants and convertible securities were also adjusted by the 20 add'l dividend shares, therefore I use "dividends" in that sense.
From the 8K...
All options, warrants, and convertible securities of the Company outstanding on the stock dividend record date will be appropriately adjusted. In general, the dividend will increase the number of shares subject to such outstanding stock options, warrants, and convertible securities proportional to the dividend ratio and will effect a proportionate increase in the number of shares of common stock issuable in connection with the exercise of such outstanding options, warrants, and convertible securities.
BTW, when I say 60M shares, there really are only 26M shares trading right now. The other 34M shares are the dividends that Moscato, Salvo, Sanford and Berkman received but have pledged back to GNBT to be used to fund their plans. The 4 of them are not benefitting from those 34M shares. When GNBT sells those shares to fund future projects, we shareholders benefit from no dilution to our existing shares. That is a tremendous perk that Moscato, Salvo, Sanford and Berkman gave to us shareholders. What other company has done that?
I look forward to the future!
So my point is that the stock was dead money at $0.11/share. Joe and team has made all this happen in 3 months. I know Joe has been working on this for well more than 1-2 years, however our shareholder gains have happened in 3 months.
Imagine if you had put in $5K 3 months ago @ $0.11/share, so you would have bought 45,455 shares. Then get 20 add'l shares, so now you have 954,555 shares @ $1.38/share!!! Mind bogging!!!
Value that has been created...
I thought I would point out the value that has been created in the last 3 months. On 10/3/18, GNBT was trading at $0.11/share so Market cap about $110K (with 1M shares outstanding). On 10/4/18, GNBT announced the buying for the first tranche of Veneto and that starting the stock moving some, but still only $0.14/share. On 10/10/18, GNBT announces the stock dividend and that is when we starting moving and closed at $0.18/share that day and started up from there.
Now we are at $1.38/share with 60.29M shares outstanding, so a market cap of $83,200,200. So in 3 months, Joe and team have enabled GNBT to garner a market cap gain from $110K to $83,200,200, or 75,536% gain!
In simple math, 1 share @ $0.11 3 months ago is now worth 21 shares @ $1.38, so $28.98 from $0.11!
I would say Joe and team have brought tremendous value to us shareholders after so many years of losses! I look forward to our future!
docj and namtae,
I love seeing the discussion going back and forth, however GNBT has been totally revamped, so past management/leadership successes/failures don't matter. Joe Moscato has come on and paid money to get all late filings brought up to date. Also, come up with a path for GNBT that can hopefully flourish. GNBT was in a state of near bankruptcy, and for all purposes was bankrupt. Now GNBT has purchased several pharmacies and a practice for mail order fulfillment. Now revenue will be produced to assist with Joe's big picture.
Bringing up failures of the past leadership, which are no longer here, has no bearing on where Joe and team is heading.
Docj, it’s ok if some don’t agree with every news release, or PR release as they want to say. However it will be up to Joe, Terry, all 100+ GNBT employees and the BOD to execute their business plan and prove their worth. I look forward to seeing this progress.
GNBT price
GNBT and VIX are the only green prices on my watchlist today...and I LIKE IT!
I agree with everything you stated here.
namtae, not sure if you are an investor, otherwise you would have your answer. I rec'd 20 add'l shares for each 1 share, and now have 21 shares. However the cusip did not change, therefor NOT a forward split.
I wouldn’t read too much into that. The issue we have is that some brokerage firms are calling it a forward split and some are calling it a dividend. The company has come out publicly in many different press releases and said it is a Stock dividend. No new CUSIP number was given for a new shares which is what would happen with a forward split. That should be the end of it it is a dividend as issued by the company.
I believe my asking whether he has received 20 add'l shares for every 1 share he owned on 11/30/18, is being considered a "pump". At least that is what I am being informed of. I am personally being called out for pumping GNBT for 15 years, when I am also the one keeping them on their toes. I do recall being chastised by Joe for questioning revenue numbers and laying out how a stock dividend will affect the stock price. And I believe I was proved correct on the stock price effect of the 20 for 1 stock dividend.
Actually, Joe’s response you posted seems reasonable. Cooperate and you can get this resolved. I offered to get you in touch with Joe a month ago and you would not do it. All you have to say is do you have 21 shares for every 1 share you had on 11/30/18? If so, you have your shares. If not, then TD Canada made a mistake.
grobtekrebssvindl, answer the question. Do you have 21 shares for every 1 share you had on 11/30/18. Very simple Yes or No!
And why are you asking Thomas Barnard here on this message board? You think he is here reading?
grobtekrebssvindl says “Natasha says “My my,would not be easier just give me the promised dividends? ““ but won’t answer if she has 21 shred now for every 1 share she had on 11/30/18! Because she does and admitting that would destroy her whole argument that she only got a forward split and not dividends. No matter what TD wants to call it, and therefore Natasha goes by that, she received the same number of shares proportionally as all other shareholders.
Poor Grobtekrebssvindl, apparently the only person who didn’t get the 20 share dividends. Even from her own posts, Todd Falls checked and she didn’t have her dividends on 12/3. Neither did anyone with TD, however the shares were in on 12/5. It sounds like Todd was confirming this with Grobtekrebssvindl. Her problem is that TD is calling it a forward split and not dividends. No matter how you want to classify it, if you received 20 add’l shares for each share, you got your % and just want to cry that TD calls it a forward split.
Hey Grobtekrebssvindl, if it was a forward split, why does everyone have 21 shares and not 20 shares after the dividend? Sounds like you couldn’t prove to Todd that you didn’t get your % and you don’t want to accept that.
The bull, if you can let us know, like docj asked, how did etrade handle the extra 20 shares you were given? Also had you sold any and if so, did they take the funds back?
However this is an investment for many. Also how do you know the insiders are going to drain the company and pull the plug? This is different management and are making decisions to produce revenue. Of course we want to make money on our investment too. Good luck to you.