(Total Views: 232)
Posted On: 12/28/2019 4:20:25 PM
Post# of 36566
Re: Paul Jackson #10383
Hi, Paul,
So, as I see it per the 10q, net tangible assets looks like this:
Total assets = 52.2MM
Less Goodwill (38.9MM)
Less other intangibles (10.8MM)
Less Total Liabilities (43.3MM)
Equals (40.8MM) Net tangible Assets
So... that’s either a lot of liability relief (nearly all) since the Q or a magical reclassification of Goodwill as a tangible asset (HA!) coupled with partial relief on liabilities to make that positive.
Assuming Goodwill remains intangible (I think this is a given), it’s possible this might not even be positive with $40MM from the S-1...
What does the ALTuCell deal do to liabilities and assets? What money has been spent or other debt taken on?
Frankly, I’m not really worrying about the uplist right now. I see the NAZ as a result of proper execution, not a driver or catalyst on its own. GNBT needs to execute on Excellagen, spin NGIO, get the S-1 money and start the wheels turning in AZ, etc. The uplist will take care of itself from there.
I would honestly not be surprised if uplisting takes until spring/summer... and that is with proper execution. If we continue to trip on ourselves and allow ourselves to be exploited, it might be longer (or never?).
Still fully long... but not as excited, given recent events and execution...
So, as I see it per the 10q, net tangible assets looks like this:
Total assets = 52.2MM
Less Goodwill (38.9MM)
Less other intangibles (10.8MM)
Less Total Liabilities (43.3MM)
Equals (40.8MM) Net tangible Assets
So... that’s either a lot of liability relief (nearly all) since the Q or a magical reclassification of Goodwill as a tangible asset (HA!) coupled with partial relief on liabilities to make that positive.
Assuming Goodwill remains intangible (I think this is a given), it’s possible this might not even be positive with $40MM from the S-1...
What does the ALTuCell deal do to liabilities and assets? What money has been spent or other debt taken on?
Frankly, I’m not really worrying about the uplist right now. I see the NAZ as a result of proper execution, not a driver or catalyst on its own. GNBT needs to execute on Excellagen, spin NGIO, get the S-1 money and start the wheels turning in AZ, etc. The uplist will take care of itself from there.
I would honestly not be surprised if uplisting takes until spring/summer... and that is with proper execution. If we continue to trip on ourselves and allow ourselves to be exploited, it might be longer (or never?).
Still fully long... but not as excited, given recent events and execution...
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