I'll throw out a guesstimate, using some of the ne

I'll throw out a guesstimate, using some of the new info Joe tossed around today and a necessary heap of assumptions:

GNBT will keep "at least 70%" - I'll use 75%.

That translates to 25% for GNBT div shares. Let's call that 20MM for this div and 5MM for the previous 1:4 div for a total of 25MM div shares.

That translates to a total 100MM shares, which is notably (and maybe incorrectly?) toward the lower end of the range Joe has bantered about.

I'll then say Joe will like to have factored in a little wiggle room for Naz listing and enabling institutional buying, so we come in at $6 per share or a $600MM market cap.

I realize that is toward the low end of what Joe has thrown out. A couple of points on that:

1) Anything above that would be stupendous, but this level would give us everything we are looking for: balance sheet boost, great value for our div shares, another fantastic "line of credit" for Joe if he needs it.

2) The lower share count might also leave a little on the table for share appreciation after the IPO. That might be required by the backers of the deal. It's also better in the LT if the price goes up and the IPO draws positive attention instead of if the price falls and everyone gets cold feet, wanting to bail or not buy in at all.

Please poke holes and throw out some other thoughts...