I have also wondered... if Joe puts together the NGIO preferred shares deal, maybe he doesn't need to sell any NGIO common off the bat. So that would leave our div shares as the only common shares on the market.

That smaller float would magnify any buying pressure from outsiders, which would in turn make the GNBT-owned NGIO shares have a higher value on the books (and in our accounts).

So Joe could hold onto the 20% while trials proceed further, etc, and allow the value to hopefully grow before he markets them.

I guess that's one big point I've been thinking. Joe surely won't pull the trigger on all of these varied funding plans. So it will be interesting to see which funding matches which scenario...