Generex Biotechnology Corp. (fka GNBTQ)

[WeeZuhl]

Another spurt of buying with new "Intention" PR.

http://finance.yahoo.com/news/generex-announces-intention-dividend-portion-133000825.html

In consideration of the license grant, SMFI will issue to Generex (a) $10,000,000 worth of SMFI common stock, and (b) a warrant to acquire up to 15,000,000 shares of SMFI common stock. The per share strike price of the warrant will be determined based on the average closing price of the SMFI common stock on the OTCQB for the 10 trading days immediately preceding the effective date of the qualifying registration statement. If that price is equal to or less than $3.00, the strike price will be $1.30. If that price is greater than $3.00, the strike price will be equal to 43.34% of that reference price.

Management of Generex intends to dividend a portion of the SMFI common stock and a portion of the warrant to acquire SMFI common stock to its stockholders following implementation of a reverse stock split. Generex stockholders have previously approved the implementation of a reverse stock split at any time prior to December 31, 2015. The ratio of the reverse stock split and the specific timing thereof are in the discretion of the Generex Board of Directors.

The warrant will be exercisable by Generex stockholders for cash only for a period of 90 days following the issuance of the dividend. Any portion of the warrant unexercised by the Generex stockholders during such period will revert back to Generex.