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Biotech / Medical : GNBT Generex
GNBT 0.00Jan 27 4:00 PM EST

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To: lexi2004 who wrote (56)1/24/2006 11:07:47 AM
From: rrufff  Read Replies (2) of 310
 
Lexi and Manny - thanks - maybe I should have been a bit more vocal but I don't want to be perceived as a basher and I did sell when I saw the news as I posted. The PR was news of a meeting not of any breakthrough so I decided to get out. But my history with GNBT and many other microcaps is that PR's are often opportunities for a company to then announce a dilutive financing. I think it's disgusting and something that I would change when the time comes to revamp our markets.

Don't get me wrong - I still think that GNBT has some great potential. But my very first posts about it have commented that they were masters at PR and have not been as good in defending a tight capital structure.

I think it heads back to that .82 area, maybe higher, maybe lower but won't be buying back until then. As always, I look at the charts and the trading and the news at that point, but that's the way I see it today.
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