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Posted On: 01/08/2021 3:55:59 PM
Post# of 36509
Well remember, any company is only worth what someone is willing to pay for it. So this $500M is not reflected in GNBT share price because the $500M is someone’s opinion on that value. If we were to get a buyout offer of $500M for NGIO, GNBT would move up dramatically to close $4-5/share. But don’t expect GNBT to substantially rise until NGIO goes public and provides a real value to GNBT holdings.
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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.