(Total Views: 358)
Posted On: 01/08/2021 4:12:35 PM
Post# of 36563
Once again I think that the posts have been reflecting comments about GNBT as if it was a normal company, not a holding company. Yes there are 400,300,000 NGIO issued shares but 364,003,151 shares are held by GNBT. Can the GNBT held share really be considered outstanding, part of the float? GNBT is not going to trade them (NGIO) on the open market until they need to raise capital. So that really leaves just 36,296,849 shares plus the IPO shares for the stock market wheeling and dealing.
We know that $5/share minimum is really needed for a NASDAQ stable IPO opening ($6 or higher is better). Let say for example that a total of 50,000,000 shares are the float after the IPO. (GNBT sells 13,703,151shares for the IPO offer.) $5 x 50,000,000 = $250,000,000 or half of the $500,000,000 valuation. The other 350,300,000 NGIO shares are locked away in a GNBT vault as if they were still in the NGIO (share) treasury.
We are not going to see a NASDAQ IPO for $1.25, can’t happen, won’t get listed.
Thoughts? Defective reasoning? Just plain Loony Tunes?
We know that $5/share minimum is really needed for a NASDAQ stable IPO opening ($6 or higher is better). Let say for example that a total of 50,000,000 shares are the float after the IPO. (GNBT sells 13,703,151shares for the IPO offer.) $5 x 50,000,000 = $250,000,000 or half of the $500,000,000 valuation. The other 350,300,000 NGIO shares are locked away in a GNBT vault as if they were still in the NGIO (share) treasury.
We are not going to see a NASDAQ IPO for $1.25, can’t happen, won’t get listed.
Thoughts? Defective reasoning? Just plain Loony Tunes?
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