I forgot to address the NGIO shares: If 400MM a
Post# of 36533
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Posted On: 05/04/2020 10:54:47 PM
Re: Retirement2 #15814
I forgot to address the NGIO shares:
If 400MM are issued, that will leave 360MM w GNBT, as we received about 40MM thru the 2 divs (I think that’s right... or was it 30MM... doesn’t matter for discussion purposes).
Joe said he would like to keep a minimum of 70% inside GNBT. So that would mean he could sell 80MM shares... and THOSE are the shares the NGIO S-1 will be issued for.
The other 280MM would remain w GNBT. Joe could then use those shares as a line of credit to “crank up the machine” when it makes sense... always keeping 51% in GNBT.
Hope this helps!
If 400MM are issued, that will leave 360MM w GNBT, as we received about 40MM thru the 2 divs (I think that’s right... or was it 30MM... doesn’t matter for discussion purposes).
Joe said he would like to keep a minimum of 70% inside GNBT. So that would mean he could sell 80MM shares... and THOSE are the shares the NGIO S-1 will be issued for.
The other 280MM would remain w GNBT. Joe could then use those shares as a line of credit to “crank up the machine” when it makes sense... always keeping 51% in GNBT.
Hope this helps!
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