Generex Biotechnology Corp. (fka GNBTQ)

[WeeZuhl]

Form 4 today. John P. Barratt converted warrants.

http://archive.fast-edgar.com//20150427/ATZZO22C2222C2U222232CZ2BAR5Z2278C72/

5,874,162 shares at a strike price .001. (That is $5874.16!) This follows the 8-K filing last month announcing his resignation from BOD "for medical reasons," effective April 30, 2015.

http://archive.fast-edgar.com//20150407/A6ZFW22C2222H2S2222M2CZ29A5LZ2278272/

Assuming the Restrictive Legend is immediately removed (http://www.sec.gov/answers/restric.htm), and assuming GNBT remains a "going concern" in 6 months (or 1 year), and assuming the PPS remains in range of .02, then these shares can be sold on open market for $117,483.24 (not a bad return for $5874 investment). Of course, we'll never know when he sells, since he's no longer on BOD with duty to report.

And these shares are just a drop in the bucket for Mr. Barratt:

http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001270529&action=getcompany

So good health to Mr. Barrat, and good luck to all longs!