Hylander, I tend to agree with you and I have
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Posted On: 06/23/2020 11:01:43 AM
Hylander,
I tend to agree with you and I have asked myself the same question. Why are they holding back on these plans? Is it related to the BARDA application?
In general, I would say that it should be much more beneficial for GNBT/NGIO to have the Nasdaq listing FIRST and THEN receive the BARDA funding approval.
HOWEVER, it might as well be that they cannot make such a structural change to their company while in the process of applying for BARDA funding. So it is for formal reasons that they currently cannot do that.
I still recall when I was working for a previous employer with several so called "business units", and we wanted to participate in a large governmental nationweide tender. Just because the "wrong" business unit officially answered that tender, we were finally disqualified, even though we already had won the tender. So just for formal reasons the won tender was taken away from us again, and given to one of our competitors in the end. I can very easily imagine, that something similar is the reason for GNBT not finalizing the NGIO IPO.
Just a thought.
I tend to agree with you and I have asked myself the same question. Why are they holding back on these plans? Is it related to the BARDA application?
In general, I would say that it should be much more beneficial for GNBT/NGIO to have the Nasdaq listing FIRST and THEN receive the BARDA funding approval.
HOWEVER, it might as well be that they cannot make such a structural change to their company while in the process of applying for BARDA funding. So it is for formal reasons that they currently cannot do that.
I still recall when I was working for a previous employer with several so called "business units", and we wanted to participate in a large governmental nationweide tender. Just because the "wrong" business unit officially answered that tender, we were finally disqualified, even though we already had won the tender. So just for formal reasons the won tender was taken away from us again, and given to one of our competitors in the end. I can very easily imagine, that something similar is the reason for GNBT not finalizing the NGIO IPO.
Just a thought.
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