SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : GNBT Generex
GNBT 0.00Jan 27 3:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MJ who wrote (279)4/26/2010 12:34:12 PM
From: MJ  Read Replies (1) of 310
 
Called Investor Relations about the recent 'traunches', the new word, for investors buying GNBT Stock.

The investors will be buying in the 'open market' 2 million shares every other week-----every two weeks.

The total number of share is 50 million to be bought-------divided into 25 time slots(traunches).

That means if I am right on this that the purchases will take about 6 months to complete from the original start of the process.

I don't have the time of the first 2million bought-----may have been about a month ago.

Accdg. to IR this is good for the company.

mj
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext