My understanding from the NASDAQ rules is that not
Post# of 36537
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Posted On: 11/01/2019 6:49:34 PM
My understanding from the NASDAQ rules is that not only do we need 90 consecutive trading days of $2 before application (which we hopefully have because of 2017/2018...that actually make sense to me that NASAQ would accept that because there is nothing in the rules that says the 90 days have to be right before application...Joe did say that they will check with NASAQ if they indeed accept that), we still need 5 days at $2 prior to approval.
From the cc, seems like Joe is thinking at least one of the major PPS drivers will happen SOON, which will take us to the next level in PPS....get us uplisted..then he can give dividend...because I do agree with you, I don't think Joe would delay the dividend again. So, for GNBT to delay dividend for 30 days instead of just giving us the dividend on 10/29 tells me that Joe just needs 30 days more days to make things happen. IF he did not think he could make things happen in 30 days, he would have just given us the dividend on 10/29 and see where things fall...just IMHO.
Copied and pasted from transcript - Joe -
"I mean I think that based upon all the stuff that we've got going on, in all the
various companies, there are plenty of things... if I had to look at it, right
now, there are plenty of things that we get us over $3 that we have going on
whether it's a licensing deal with one of our technologies, whether it's a
partnership with one of our technologies in a big way that we're working on,
or a whole host of other things that we're working on--anything could move
this needle upwards in a very, very fast and big way, based upon all the
endeavors that we have going on"
As far as 10K, the 2 boxes...my thoughts are even if Joe miscalculated or something happened during the audit that cause GNBT to not comply with the 2 boxes, NGIO spin off should take care of that...I am guessing GNBT can hire an auditor to come up with another audited report after NGIO spinoff to show NASDAQ that GNBT complied if for some reason 10K does not give us what we need.
Just my thoughts...
__________________
Let's assume the Naz Equity and Assets boxes get checked after the K, though I still believe the Net Tangible Asset calc which is -$34MM on the last 10Q (vs +$2MM required by Naz) is a possible hitch. Obviously I don't know how many assets were added by deals closed since that Q was filed, the value of loans retired, if intangible assets were reduced in some major way, etc. But I'll submit to Joe's confidence in that matter until we see the K.
If there is little wiggle room w the Naz and they have to strictly follow the listing rules as shown, I really feel like the NGIO spin is THE key to an immediate uplist. I have much trouble seeing how a $2+ stock price from when the market cap didn't meet the minimum would check that box for us. And we TECHNICALLY didn't meet the $2 for the 90 days on this latest attempt, although it was DAMNED CLOSE. However, if NGIO spins and adds a significant amount of cash to the balance sheet and gives Joe a truly marketable asset he can go to for cash as he needs it, the price goes well above $2... helping us meet a $3 or $4 listing criteria, and we're off to the races.
If NGIO doesn't spin for some reason, I don't see where a share price boost of that magnitude comes from in the next month or so.
Maybe there is a surprise coming from a licensing deal, etc. But absent the planned November NGIO spin, some unknown rocket fuel, or the ability for the Naz to provide flexible interpretation of their own rules, I believe we will have to wait 6 months for Excellagen to ramp up, AZ to possibly provide some revs, MSO to add a couple more states, licensing deals to be signed, etc. Obviously an NGIO spin in a few months would do it as well.
The 10k is acceptable with the Naz application for 15 months, if it checks all the boxes except share price. So I do believe we will get there soon. But I ultimately think it takes immediate NGIO cash for an uplist this calendar year or a longer/larger revenue build to hit it next year.
Read More: https://investorshangout.com/post/newpost/622...z644I5vUmh
From the cc, seems like Joe is thinking at least one of the major PPS drivers will happen SOON, which will take us to the next level in PPS....get us uplisted..then he can give dividend...because I do agree with you, I don't think Joe would delay the dividend again. So, for GNBT to delay dividend for 30 days instead of just giving us the dividend on 10/29 tells me that Joe just needs 30 days more days to make things happen. IF he did not think he could make things happen in 30 days, he would have just given us the dividend on 10/29 and see where things fall...just IMHO.
Copied and pasted from transcript - Joe -
"I mean I think that based upon all the stuff that we've got going on, in all the
various companies, there are plenty of things... if I had to look at it, right
now, there are plenty of things that we get us over $3 that we have going on
whether it's a licensing deal with one of our technologies, whether it's a
partnership with one of our technologies in a big way that we're working on,
or a whole host of other things that we're working on--anything could move
this needle upwards in a very, very fast and big way, based upon all the
endeavors that we have going on"
As far as 10K, the 2 boxes...my thoughts are even if Joe miscalculated or something happened during the audit that cause GNBT to not comply with the 2 boxes, NGIO spin off should take care of that...I am guessing GNBT can hire an auditor to come up with another audited report after NGIO spinoff to show NASDAQ that GNBT complied if for some reason 10K does not give us what we need.
Just my thoughts...
__________________
Quote:Ok, so after looking over the transcript to refresh/clarify from the call, here is my current thinking for discussion...
Let's assume the Naz Equity and Assets boxes get checked after the K, though I still believe the Net Tangible Asset calc which is -$34MM on the last 10Q (vs +$2MM required by Naz) is a possible hitch. Obviously I don't know how many assets were added by deals closed since that Q was filed, the value of loans retired, if intangible assets were reduced in some major way, etc. But I'll submit to Joe's confidence in that matter until we see the K.
If there is little wiggle room w the Naz and they have to strictly follow the listing rules as shown, I really feel like the NGIO spin is THE key to an immediate uplist. I have much trouble seeing how a $2+ stock price from when the market cap didn't meet the minimum would check that box for us. And we TECHNICALLY didn't meet the $2 for the 90 days on this latest attempt, although it was DAMNED CLOSE. However, if NGIO spins and adds a significant amount of cash to the balance sheet and gives Joe a truly marketable asset he can go to for cash as he needs it, the price goes well above $2... helping us meet a $3 or $4 listing criteria, and we're off to the races.
If NGIO doesn't spin for some reason, I don't see where a share price boost of that magnitude comes from in the next month or so.
Maybe there is a surprise coming from a licensing deal, etc. But absent the planned November NGIO spin, some unknown rocket fuel, or the ability for the Naz to provide flexible interpretation of their own rules, I believe we will have to wait 6 months for Excellagen to ramp up, AZ to possibly provide some revs, MSO to add a couple more states, licensing deals to be signed, etc. Obviously an NGIO spin in a few months would do it as well.
The 10k is acceptable with the Naz application for 15 months, if it checks all the boxes except share price. So I do believe we will get there soon. But I ultimately think it takes immediate NGIO cash for an uplist this calendar year or a longer/larger revenue build to hit it next year.
Read More: https://investorshangout.com/post/newpost/622...z644I5vUmh
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