Biotech Values

[DewDiligence]

GNBT—Oops:

https://www.businesswire.com/news/home/20181210005781/en

On Thursday, December 6, the Company learned that E*Trade Financial inadvertently double-credited the Company’s common stock dividend to E*Trade client accounts holding the stock, by crediting their accounts 40 to 1, rather than 20 to 1.

...Generex has received anecdotal reports of shareholders with E*Trade accounts selling Generex Common Stock based on the perception that they owned the additional shares. The appearance shares in excess of the 20 for 1 dividend was due to a clerical error by E*Trade. Those shares did not exist and could not actually be sold.