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NASDAQ
Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.
Also, the regular bid price at the time of listing must be $4.00, and there must be at least three market makers for the stock.
NYSE
To qualify for NYSE listing, a company must have at least 400 shareholders who own more than 100 shares of stock, have at least 1.1 million shares of publicly traded stock and have a market value of public shares of at least $40 million. The stock price must be at least $4 a share.
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Depending on the valuation of NGIO (I think NGIO's appraisal may be done?)....GNBT owns a little over 90%...so, if NGIO is worth $500 million (I think it is a very conservative guess), then GNBT's value should be increased by $450 million in a perfect world ($500 million x 90%)...our current market cap is $20 million...so, the total market cap would be $470 million ($450 million + $20 million)...and there are 92 million shares outstanding, then the PPS would be $5.11 for GNBT ($470 million divided by 92 million shares)
NASDAQ
Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.
Also, the regular bid price at the time of listing must be $4.00, and there must be at least three market makers for the stock.
NYSE
To qualify for NYSE listing, a company must have at least 400 shareholders who own more than 100 shares of stock, have at least 1.1 million shares of publicly traded stock and have a market value of public shares of at least $40 million. The stock price must be at least $4 a share.
_____________
Depending on the valuation of NGIO (I think NGIO's appraisal may be done?)....GNBT owns a little over 90%...so, if NGIO is worth $500 million (I think it is a very conservative guess), then GNBT's value should be increased by $450 million in a perfect world ($500 million x 90%)...our current market cap is $20 million...so, the total market cap would be $470 million ($450 million + $20 million)...and there are 92 million shares outstanding, then the PPS would be $5.11 for GNBT ($470 million divided by 92 million shares)
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