Something additional to question/think about - IIR
Post# of 36566
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Posted On: 04/15/2020 3:25:01 PM
Something additional to question/think about - IIRC from the GNBT listing adventure, there were three levels of pps requirements - $2, 3, 4 - each with their own past and future requirements. Without checking back on all those posts, I think I remember Joe (or somebody here) saying GNBT could use the $2 listing requirement (90 days prior to app, 5 days after app was received) because it had previously been listed on NAS. It therefore has lesser requirements than other symbols seeking up listing.
What I don't remember is if the $2/pps applied to any or all stocks, or if a truly 'new' listing would have to have a higher pps because it wouldn't get special dispensation from being previously listed. If that is the case, then it would be logical that NGIO would have a minimum of a $3 pps ($1.2 billion mc) or perhaps even a $4 pps ($1.6 billion mc) resulting in a much larger windfall for GNBT. At a $3 pps, GNBT's 70% would amount to $840 million in value; at $4, GNBT would accrue $1.12 billion value. If we assume GNBT ends up with roughly 100 million shares after the S1 is registered and cash is raised, that would translate to a potential pps of $8 or $11 for GNBT.
This is probably all a dream on my part, but if you don't go big, you might as well go home. Oh wait, I am home. Probably means GNBT won't go big...trombone sounds ---- waaa, waaa, waaaaaa.
What I don't remember is if the $2/pps applied to any or all stocks, or if a truly 'new' listing would have to have a higher pps because it wouldn't get special dispensation from being previously listed. If that is the case, then it would be logical that NGIO would have a minimum of a $3 pps ($1.2 billion mc) or perhaps even a $4 pps ($1.6 billion mc) resulting in a much larger windfall for GNBT. At a $3 pps, GNBT's 70% would amount to $840 million in value; at $4, GNBT would accrue $1.12 billion value. If we assume GNBT ends up with roughly 100 million shares after the S1 is registered and cash is raised, that would translate to a potential pps of $8 or $11 for GNBT.
This is probably all a dream on my part, but if you don't go big, you might as well go home. Oh wait, I am home. Probably means GNBT won't go big...trombone sounds ---- waaa, waaa, waaaaaa.
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