Hi, Paul, I’m not sure we can extrapolate a
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Posted On: 06/24/2020 12:02:06 AM
Re: Paul Jackson #17450
Hi, Paul,
I’m not sure we can extrapolate a value yet as you did in your post...
I believe the <5% is to make sure they can’t accumulate too large of a position and take over or unduly influence the management of the company.
MADE UP NUMBERS FOR DISCUSSION ONLY... But imagine if the Mkt Cap of NGIO was at $400MM and Joe had already put $20MM to Oasis. That would max out the puts until they sold some on the open market. But the $50MM limit would not have been reached, and the value would not be at $1B.
I believe we will have to wait until the shares are trading to really start to understand where the market sees the value. Whatever happens, we can assume Joe has info that leads him to believe the NAZ is in reach... as must Oasis...
It will be VERY interesting to see what this does to GNBT SP tomorrow...
I’m not sure we can extrapolate a value yet as you did in your post...
I believe the <5% is to make sure they can’t accumulate too large of a position and take over or unduly influence the management of the company.
MADE UP NUMBERS FOR DISCUSSION ONLY... But imagine if the Mkt Cap of NGIO was at $400MM and Joe had already put $20MM to Oasis. That would max out the puts until they sold some on the open market. But the $50MM limit would not have been reached, and the value would not be at $1B.
I believe we will have to wait until the shares are trading to really start to understand where the market sees the value. Whatever happens, we can assume Joe has info that leads him to believe the NAZ is in reach... as must Oasis...
It will be VERY interesting to see what this does to GNBT SP tomorrow...
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