To those that lost money with GNBT or any other stock for that matter, the responsibility is yours and yours alone. Knowing when to buy and when to sell, even if for a slight loss, is your call, not the companies.
I'm own stock in a company now that I'm currently on the loss side. Why? I choose to buy at the wrong time. It's not the companies fault, it's my fault. The company has product ready for market within a month or two, no debt, $2mil in the bank, and a world class management team. I'm not worried about ending on the profit side.
Anyone that buys and holds a stock thinking it's going to pay like an ETF should not be here. It's not for the faint of heart.
I've been in real stock scams where I really didn't have control. Got sucked in by emotions and held for the glory. I remember one morning watching the stock go from a price that was reasonable to zero before the market opened. Total loss for all the shareholders, over $15mil gone in a matter of seconds.
GNBT in the past did mis-inform or in some cases not inform shareholders of problems. Shreya is a good example. I don't condone their actions, but my money was my responsibility, not theirs.
For the record, I lost money on GNBT stock. I took my loss, got up, brushed myself off, and moved on. That's what adults do. I don't blame the company for it. And for the record, I do not currently own any shares of GNBT.
That doesn't mean I never will, but as a company Generex must now prove that they are capable of operating responsibly before I do.
