But isn't the real take away here the the offer pr
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Posted On: 06/15/2020 1:51:45 PM
But isn't the real take away here the the offer price? $33.
S1 says GNBT won't redeem these from principal shareholders until sometime in 2023 and it specifically says GNBT is under no obligation to EVER redeem the preferred shares.
This means that in order to get their principal back the preferred shareholders have to go to the market to divest and of course the market will have to pay at least $33 pps.
Is Joe now valuing GNBT stock at $33?
S1 says GNBT won't redeem these from principal shareholders until sometime in 2023 and it specifically says GNBT is under no obligation to EVER redeem the preferred shares.
This means that in order to get their principal back the preferred shareholders have to go to the market to divest and of course the market will have to pay at least $33 pps.
Is Joe now valuing GNBT stock at $33?
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