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Posted On: 04/29/2021 11:56:31 AM
Post# of 36541
It seems that too many people are blaming Joe for the IPO delay. It is most likely completely out of his control. Read the following links to see how COMPLICATED an IPO is.
https://www.investopedia.com/terms/i/ipo.asp
From the info:
“Typically, this stage of growth will occur when a company has reached a private valuation of approximately $1 billion, also known as unicorn status. However, private companies at various valuations with strong fundamentals and proven profitability potential can also qualify for an IPO, depending on the market competition and their ability to meet listing requirements.”
Right now, NGIO is valuated for only half of the normal $1 billion and has very little if any “proven profitability potential” Yes, WE know the potential, but WE are not the ones buying the IPO shares.
Dawson James, the Under Writer, has/is doing the Due Diligence https://www.investopedia.com/terms/d/duediligence.asp
But as an Under Writer, they are also taking a risk on the NGIO IPO https://www.investopedia.com/terms/u/underwriter.asp
“IPO underwriters are financial specialists who work closely with the issuing body to determine the initial offering price of the securities, buy the securities from the issuer, and sell the securities to investors via the underwriter's distribution network.”
“Investors rely on underwriters because they determine if a business risk is worth taking. Underwriters also contribute to sales-type activities; for example, in the case of an initial public offering (IPO), the underwriter might purchase the entire IPO issue and sell it to investors. An IPO is the process whereby a company that was previously privately-owned selling shares of a previously private company on a public stock exchange for the first time.”
They are backing the IPO with $50 million. So I would think that they will not allow the IPO to go forward until the risk is at a minimum. Joe said that the current stock holders will have a hold on selling their shares for 90 days starting with the IPO. This rule would have to be incorporated with the IPO and SEC to make sure we don’t have another NUGX debacle. And why the 90 day hold?
GNBT has (by my calculation) about 5 million churn-able shares (4.3%) that the Day Traders use to hold hostage the pps. What do you think will happen if only 5% of the present NGIO stockholders can do a money grab, quick profit sell, of their FREE NGIO shares on the day of the IPO? You think that Dawson James, Under Writer, wants to see that happen. Plus we now have a ticker change (NUGX) to deal with. You only get one chance to make a first impression.
https://www.investopedia.com/terms/i/ipo.asp
From the info:
“Typically, this stage of growth will occur when a company has reached a private valuation of approximately $1 billion, also known as unicorn status. However, private companies at various valuations with strong fundamentals and proven profitability potential can also qualify for an IPO, depending on the market competition and their ability to meet listing requirements.”
Right now, NGIO is valuated for only half of the normal $1 billion and has very little if any “proven profitability potential” Yes, WE know the potential, but WE are not the ones buying the IPO shares.
Dawson James, the Under Writer, has/is doing the Due Diligence https://www.investopedia.com/terms/d/duediligence.asp
But as an Under Writer, they are also taking a risk on the NGIO IPO https://www.investopedia.com/terms/u/underwriter.asp
“IPO underwriters are financial specialists who work closely with the issuing body to determine the initial offering price of the securities, buy the securities from the issuer, and sell the securities to investors via the underwriter's distribution network.”
“Investors rely on underwriters because they determine if a business risk is worth taking. Underwriters also contribute to sales-type activities; for example, in the case of an initial public offering (IPO), the underwriter might purchase the entire IPO issue and sell it to investors. An IPO is the process whereby a company that was previously privately-owned selling shares of a previously private company on a public stock exchange for the first time.”
They are backing the IPO with $50 million. So I would think that they will not allow the IPO to go forward until the risk is at a minimum. Joe said that the current stock holders will have a hold on selling their shares for 90 days starting with the IPO. This rule would have to be incorporated with the IPO and SEC to make sure we don’t have another NUGX debacle. And why the 90 day hold?
GNBT has (by my calculation) about 5 million churn-able shares (4.3%) that the Day Traders use to hold hostage the pps. What do you think will happen if only 5% of the present NGIO stockholders can do a money grab, quick profit sell, of their FREE NGIO shares on the day of the IPO? You think that Dawson James, Under Writer, wants to see that happen. Plus we now have a ticker change (NUGX) to deal with. You only get one chance to make a first impression.
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