Hope everyone had a good Mother’s Day! Here is
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Posted On: 05/10/2020 11:13:04 PM
Hope everyone had a good Mother’s Day! Here is my response to me from Friday: 
1). I still have a hard time thinking they can issue 400MM shares of NGIO and get a price that will give us an immediate listing on the Nas (presumably $4/sh). So I’m going to suppose that they drop the total shares issued to ~250MM. This would reduce the number of shares at Joe’s disposal for both the IPO and post-IPO capital raises. However, at $4/share, it would still be an ENORMOUS amount of money... and certainly enough for Joe to get the wheels turning.
A side-positive of this is that our div shares would represent a larger % ownership in the company.
Whatever happens, I hope Joe doesn’t press our luck on the share count to the point that we can’t maintain the Nas listing permanently after the spin.
2). I will guess that NGIO’s first day of trading will be Thursday, June 18th. That presumes we see the Form 10 approval tomorrow via a PR or a filing response of some sort, the S-1 is submitted by this Thursday, the 14th, and we trade 5 weeks later.
Whaddya think?
1). I still have a hard time thinking they can issue 400MM shares of NGIO and get a price that will give us an immediate listing on the Nas (presumably $4/sh). So I’m going to suppose that they drop the total shares issued to ~250MM. This would reduce the number of shares at Joe’s disposal for both the IPO and post-IPO capital raises. However, at $4/share, it would still be an ENORMOUS amount of money... and certainly enough for Joe to get the wheels turning.
A side-positive of this is that our div shares would represent a larger % ownership in the company.
Whatever happens, I hope Joe doesn’t press our luck on the share count to the point that we can’t maintain the Nas listing permanently after the spin.
2). I will guess that NGIO’s first day of trading will be Thursday, June 18th. That presumes we see the Form 10 approval tomorrow via a PR or a filing response of some sort, the S-1 is submitted by this Thursday, the 14th, and we trade 5 weeks later.
Whaddya think?
(1)
(0)Generex Biotechnology Corp. (GNBTQ) Stock Research Links
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