GNBT needs to uplist to a NASDAQ market within 90
Post# of 36549
(Total Views: 301)
Posted On: 11/02/2018 8:12:07 PM
GNBT needs to uplist to a NASDAQ market within 90 days of the note date (10/26+90=1/24) to avoid the note becoming due in full ($682K).
That means we need a $4 share price...after the dividend.
We are currently only at $1 ($29M/28,363,881)...after the dividend.
Current MktCap is $29M (1,350,661 x $21.50)
MktCap after Dividend @ $4 would be $113M (28,363,881 x $4.00)
That means we would need a current share price of $84 to get to $4.
*All the above assuming full dilution after dividend.
Anything less than full dilution is gravy. I think that is what Joe is counting on.
That means we need a $4 share price...after the dividend.
We are currently only at $1 ($29M/28,363,881)...after the dividend.
Current MktCap is $29M (1,350,661 x $21.50)
MktCap after Dividend @ $4 would be $113M (28,363,881 x $4.00)
That means we would need a current share price of $84 to get to $4.
*All the above assuming full dilution after dividend.
Anything less than full dilution is gravy. I think that is what Joe is counting on.
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