However they received 2M more NGIO shares (5.5M in
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Posted On: 04/20/2019 2:17:58 AM
However they received 2M more NGIO shares (5.5M instead of 3.5M). Actually I think the difference is more than that. I assumed Veneto was getting 1.5M shares of NGIO which was 1/4 of the 6M GNBT shares that original $15M was renegotiated into. So now they are getting 5.5M. Well 2M shares of NGIO, using a listing price of $5/share, is $10M. And if I say it is 3.5M shares more, then its $17.5M. So did they/we really save $15M on the Veneto deal?
But they were Joe and Co shares to give, according to the pooled shares (we know how I think of that).
But they were Joe and Co shares to give, according to the pooled shares (we know how I think of that).
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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