Replies to post #12996 on Generex Biotechnology Corp. (fka GNBTQ)

[docj]

Wrong.

Joe took over while the company was dead, brought the company up to date on filings with SEC Jan 2017. Paying hundreds of thousands of dollars out of his pocket to do so. The stock was trading less than a dime I believe with a lot of shares in the float. He initiated a plan to bring GNBT back to life including a change in the share structure. After that we had a very low share count and Joe announced the long term plans along with dividend payouts to shareholders. There was a flurry of activity leading to the PPS spike you reference.

Is 29 cents a share price we are happy about. Of course not. That needs to change.

I don't know if Joe owns any GNBT stock but he has NGIO shares. I believe he is about to be awarded stock based on the recently announced compensation plan. That makes me happy knowing his interest are aligned with mine, moreso than ever. I know he has put a huge amount of his personal money into Generex and taken a pittance of salary for his 4 years of work.

[daleb2130]

Moscotto's group was the one funding GNBT when Anna was CEO. They would give them money and would recieve a Major discount of shares in return. The lending group had no restrictions on how long before the could sell those shares.

GNBT would come out with news. Mostly pending acquisitions or new promising drug studies. The stock would run hard, the lending group would sell and crash the run. Within a month or 2 they would say the acquisitions or drug studies didn't work out and they would start over

Or come out with a RS without dropping the AS and start over.

Looks like it is still happening