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Posted On: 09/24/2020 10:15:56 PM
Post# of 36542
GMIN, I was thinking about that. We have been saying GNBT will have about 90% of NGIO after the listing. However Joe did say they will always hold at least 51%. And I remember another time seeing that GNBT would probably have 70% after the listing. If 70%, and NGIO goes public at $4, then they may sell 20% to investors with the listing. If so, then selling 400M*20% is 80M shares at $4 is $320M cash going into GNBT. That would instantly raise GNBT share price to $3.20 or more. Just a thought.
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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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