This is my understanding - please correct me if yo
Post# of 36566
(Total Views: 257)
Posted On: 12/12/2019 2:13:58 PM
This is my understanding - please correct me if you think I am wrong
1. 1,228,501 is commitment shares upon signing...that does not mean we gave them those shares...just means 1,228,501 represent initial number of shares given to the investor...
2. SEC will take some time to review the S-1. Following section was copied and pasted from InterNet search...I know this is not an IPO...so maybe less time...
SEC Review: 12 to 16 Weeks Before IPO
Also, keep in mind that it typically takes the SEC approximately 25 days to provide initial comments on your Form S-1 filing, not including the additional S-1/A's (amended) that will be required.Mar 28, 2018
3. Once SEC approves S1, then the investor can buy up to $40 million in GNBT shares at 8% discount...hopefully at that time, the share price will be much higher.
4. Also, once SEC approves S1 with $40 million in the bank, NASAQ will remove going concern, and GNBT can be uplisted if the PPS has been over $2 for 5 days right before the NASDAQ approval.
Before all this happen, I think GNBT's plan to spin out NGIO and get the PPS up...
1. 1,228,501 is commitment shares upon signing...that does not mean we gave them those shares...just means 1,228,501 represent initial number of shares given to the investor...
2. SEC will take some time to review the S-1. Following section was copied and pasted from InterNet search...I know this is not an IPO...so maybe less time...
SEC Review: 12 to 16 Weeks Before IPO
Also, keep in mind that it typically takes the SEC approximately 25 days to provide initial comments on your Form S-1 filing, not including the additional S-1/A's (amended) that will be required.Mar 28, 2018
3. Once SEC approves S1, then the investor can buy up to $40 million in GNBT shares at 8% discount...hopefully at that time, the share price will be much higher.
4. Also, once SEC approves S1 with $40 million in the bank, NASAQ will remove going concern, and GNBT can be uplisted if the PPS has been over $2 for 5 days right before the NASDAQ approval.
Before all this happen, I think GNBT's plan to spin out NGIO and get the PPS up...
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