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Posted On: 02/13/2020 1:18:43 PM
Post# of 36541
How does everyone feel after the call? A few thoughts:
1) I like the new understanding on the S-1 fund issuance as a variety of a line of credit. I feel Joe will use that as carefully as he can while still getting the ramp-up started. The better the results, the cheaper the funding.
2) Obviously, the Coronavirus line item would be huge... for humanity and GNBT. But I have to take that with a grain of salt until we see a PR saying the "check is in the mail".
3) I didn't pursue Altucell further than what Joe said in his opening remarks, as he stated that the closing would "immediately" follow the Div Ex Date... didn't feel like we would get anywhere beyond that level of info.
4) I was mostly happy with the discussion on NGIO spin:
- There is downside risk in any IPO as there is with possible selling after NGIO begins to trade.
- GNBT Shareholder shares WILL BE the float of shares when it begins trading. No third party shares will be issued (unless/until Joe needs to tap that for cash). I think most of us will want to ride it for a while. But if some want to recoup some cost from their long GNBT ride, there will hopefully be a limited supply available to those who want to get in, and the price will at least remain stable or hopefully rise.
- Joe said this time that GNBT would keep "at least 70%" of shares. Previously he has said 85%. Could this mean fewer shares are being targeted? That could be indicative of a higher issue price and Joe's desire to be sure we not only hit the NAZ but stay there. Conversely, it could be necessitated by reduced demand.
- Veneto/CMP could possibly still have hidden shares and receive the div... so the risk of the "puking" moving into NGIO is not eliminated for sure. However, it would only be 40%, and that would only be on any remaining GNBT shares they haven't already puked. So hopefully that effect would be limited.
All around, I'm still anxious for progress. But I do feel the wheels are turning on actual business efforts that differentiate this from "Old Generex"...
thoughts?
1) I like the new understanding on the S-1 fund issuance as a variety of a line of credit. I feel Joe will use that as carefully as he can while still getting the ramp-up started. The better the results, the cheaper the funding.
2) Obviously, the Coronavirus line item would be huge... for humanity and GNBT. But I have to take that with a grain of salt until we see a PR saying the "check is in the mail".
3) I didn't pursue Altucell further than what Joe said in his opening remarks, as he stated that the closing would "immediately" follow the Div Ex Date... didn't feel like we would get anywhere beyond that level of info.
4) I was mostly happy with the discussion on NGIO spin:
- There is downside risk in any IPO as there is with possible selling after NGIO begins to trade.
- GNBT Shareholder shares WILL BE the float of shares when it begins trading. No third party shares will be issued (unless/until Joe needs to tap that for cash). I think most of us will want to ride it for a while. But if some want to recoup some cost from their long GNBT ride, there will hopefully be a limited supply available to those who want to get in, and the price will at least remain stable or hopefully rise.
- Joe said this time that GNBT would keep "at least 70%" of shares. Previously he has said 85%. Could this mean fewer shares are being targeted? That could be indicative of a higher issue price and Joe's desire to be sure we not only hit the NAZ but stay there. Conversely, it could be necessitated by reduced demand.
- Veneto/CMP could possibly still have hidden shares and receive the div... so the risk of the "puking" moving into NGIO is not eliminated for sure. However, it would only be 40%, and that would only be on any remaining GNBT shares they haven't already puked. So hopefully that effect would be limited.
All around, I'm still anxious for progress. But I do feel the wheels are turning on actual business efforts that differentiate this from "Old Generex"...
thoughts?
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