(Total Views: 296)
Posted On: 12/28/2019 1:32:10 PM
Post# of 36566
Hi Buildit -
You are right if we just look at our most recent 10Q, taking into account all the convertible loans that got converted to stocks subsequent to the 10Q date, even with the $40M, the net tangible assets does not reach $2M...but because of the Veneto violations which wiped out $6 million in liabilities...if everything stay constant, GNBT will have at least $6M in net tangible assets.
And of course you are totally right, if NGIO is spun out and NGIO gets its own funding - GNBT mentioned in the 12/10 dividend announcement PR, that it is in process of preparing an S1 for the NGIO spin...so NGIO will be raising its own funding, which will further increase GNBT's net tangible assets once NGIO spins.
Buildit wrote -
And I understand there is a lot of $ in the S-1, but if much of that goes out the door for debt and other obligations, it will possibly not be sitting on the books for a Q to be official for the asset #...
If NGIO spins, that would almost certainly clear us on the assets, tho.
Need the many pieces to start to come together...
Read More: https://investorshangout.com/post/newpost/622...z69QWZ8D7l
You are right if we just look at our most recent 10Q, taking into account all the convertible loans that got converted to stocks subsequent to the 10Q date, even with the $40M, the net tangible assets does not reach $2M...but because of the Veneto violations which wiped out $6 million in liabilities...if everything stay constant, GNBT will have at least $6M in net tangible assets.
And of course you are totally right, if NGIO is spun out and NGIO gets its own funding - GNBT mentioned in the 12/10 dividend announcement PR, that it is in process of preparing an S1 for the NGIO spin...so NGIO will be raising its own funding, which will further increase GNBT's net tangible assets once NGIO spins.
Buildit wrote -
And I understand there is a lot of $ in the S-1, but if much of that goes out the door for debt and other obligations, it will possibly not be sitting on the books for a Q to be official for the asset #...
If NGIO spins, that would almost certainly clear us on the assets, tho.
Need the many pieces to start to come together...
Read More: https://investorshangout.com/post/newpost/622...z69QWZ8D7l
(0)
(0)
