I do agree with you that GNBT should get some additional value and should reflect in the PPS .. my reasoning is more on means - you are deriving the value through NGIO into GNBT , but my thought is it should reflect through NUGX shares and through which it should generate PPS uplift to GNBT. what GNBT has are class A shares and value of class A shares should reflect its true value atleast in the near future after NGIO is listed.