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Posted On: 07/22/2020 11:26:34 AM
Post# of 36554
Not sure where $70M is coming from. They were getting a line to put stock against at Oasis for $40M GNBT and $50M NGIO. The GNBT was meant to get rid of going concern to have 12-18 months working capital available, but not to be accessed yet since the price is so low. The thought is to use it once upgraded to nasdaq, not at these prices.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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