Has it been done before? And would it really be unethical?
Those shares were worth nothing when we got them and currently are (theoretically) worth $1.25 each. Having 4 shares worth $1.25, or 1 share worth $5 is the same thing - but only one of those options gets on the Nasdaq.
I'm not saying I'm for the RS idea, but it would end up being the best business decision for GNBT - their ownership percentage doesn't get diluted. More options for GNBT to sell NGIO shares to raise funds, less immediate sell off pressure at IPO.
Those shares were worth nothing when we got them and currently are (theoretically) worth $1.25 each. Having 4 shares worth $1.25, or 1 share worth $5 is the same thing - but only one of those options gets on the Nasdaq.
I'm not saying I'm for the RS idea, but it would end up being the best business decision for GNBT - their ownership percentage doesn't get diluted. More options for GNBT to sell NGIO shares to raise funds, less immediate sell off pressure at IPO.
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