homer, not sure why you think GNBT will be over $15. These are preferred shares that will have their own symbol, and the warrants will be of the preferred shares GNBTP (not GNBT), so the $15 exercise price is for GNBTP. That being said, the 61% of the funds going into GNBT coffers to start all these plans moving forward, which will increase GNBT share price as they perform.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.