I’ve said it before.. I think people are underes
Post# of 36568
(Total Views: 376)
Posted On: 09/24/2020 2:19:49 PM
I’ve said it before.. I think people are underestimating or not even addressing the fact that GNBT spun out its most valuable asset...and if you look at the CUSIP, what is the value of that asset today.
Right now it’s “If” NGIO gets listed then GNBT will benefit by being a shareholder, same as I will benefit from being a shareholder. And “If” GNBT lists for $4 I will be just about even on my investment provided GNBT doesn’t go straight to $0.00.
So in the world of Wall St I ask this question:
If I purchased $100 of GNBT at say $1.00 avg and I received my 2 NGIO dividends and 2 years later my NGIO is worth $98 and my GNBT is worth $2 have I lost anything? Other than time I could have made money elsewhere, no. This is why I didn’t mind the change in dividend structure.
We spun out our only (potentially) valuable asset. Nothing else Joe purchased is producing revenue, they are all a drain at this point. They are going to require money and more importantly TIME to become profitable.
I still believe we are being shorted, probably by one or more of the people suing GNBT. Maybe by an ex CEO. Maybe by a competitor Maybe by someone that wants to buy their IP at a bankruptcy auction. There’s certainly no shortage of bad actors.
Right now it’s “If” NGIO gets listed then GNBT will benefit by being a shareholder, same as I will benefit from being a shareholder. And “If” GNBT lists for $4 I will be just about even on my investment provided GNBT doesn’t go straight to $0.00.
So in the world of Wall St I ask this question:
If I purchased $100 of GNBT at say $1.00 avg and I received my 2 NGIO dividends and 2 years later my NGIO is worth $98 and my GNBT is worth $2 have I lost anything? Other than time I could have made money elsewhere, no. This is why I didn’t mind the change in dividend structure.
We spun out our only (potentially) valuable asset. Nothing else Joe purchased is producing revenue, they are all a drain at this point. They are going to require money and more importantly TIME to become profitable.
I still believe we are being shorted, probably by one or more of the people suing GNBT. Maybe by an ex CEO. Maybe by a competitor Maybe by someone that wants to buy their IP at a bankruptcy auction. There’s certainly no shortage of bad actors.
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