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Posted On: 10/06/2020 2:50:18 PM
Post# of 36541
Thanks for your response TC!
Would you please explain why we would be hugely diluted now? If market knows that GNBT is doing a SPAC, the PPS should move up nicely...and once GNBT gets on NASDAQ, we don't have to deal with price manipulation for the most part, anymore....giving up 20% of the company is nothing if PPS can trade at $4...
TC wrote -
Paul, Joe was looking to do a SPAC a year ago and then decided he wanted to IPO. I agree, SPACs are hot now and easier. However you have to give up some of the company to get the SPAC to approve it. Some are giving up 20% and Joe did not want to give up that much. Hindsight, that 20% would have been a bargain since we would have been a public entity for covid to hit and would have gotten better price movements. It's too late for a SPAC now. Based on our value, we would be hugely diluted.
Read More: https://investorshangout.com/post/newpost/622...z6a7OvfMiC
Would you please explain why we would be hugely diluted now? If market knows that GNBT is doing a SPAC, the PPS should move up nicely...and once GNBT gets on NASDAQ, we don't have to deal with price manipulation for the most part, anymore....giving up 20% of the company is nothing if PPS can trade at $4...
TC wrote -
Paul, Joe was looking to do a SPAC a year ago and then decided he wanted to IPO. I agree, SPACs are hot now and easier. However you have to give up some of the company to get the SPAC to approve it. Some are giving up 20% and Joe did not want to give up that much. Hindsight, that 20% would have been a bargain since we would have been a public entity for covid to hit and would have gotten better price movements. It's too late for a SPAC now. Based on our value, we would be hugely diluted.
Read More: https://investorshangout.com/post/newpost/622...z6a7OvfMiC
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