Exactly where is this quote from?
"Mr. Moscato continued, “It has come to the attention of the management of Generex Biotechnology Corporation (the “Company”) that certain shares of common stock of its subsidiary, NuGenerex Immuno-Oncology, Inc. (“NuGenerex”) has been actively traded in the OTC pink sheets under the symbol NUGX. This trading symbol was created without the Company’s or NuGenerex’s knowledge. All of the trades under the NUGX symbol have occurred without any authorization from or participation by the Company. As previously announced, NGIO has applied for a Nasdaq listing and such application is still active. NuGenerex has reserved NGIO as its NASDAQ trading symbol. If NuGenerex is approved for listing, the NUGX symbol will no longer be active."
Of particular interest is: "...It has come to the attention...created without the Company’s or NuGenerex’s knowledge...without any authorization from or participation by the Company...the NUGX symbol will no longer be active."
What exactly does it mean "...will no longer be active." Will it just disappear or be replaced? HOW IS THE COMPANY SO HELPLESS AND IGNORANT to something going on with its own stock? How is SEC involved?
In my own eyes this does not fare well for NUGX, NGIO, or GNBT.
