I will take a shot at some estimates here. Many a

I will take a shot at some estimates here. Many assumptions, but you gotta start somewhere.

IMO, this is a possibly conservative valuation, because Joe may have some things up his sleeve before the IPO that generate additional interest (further Ii-key results, etc.) in NGIO.

- 150MM shares come out @ ~$4.
- We own ~36MM shares. So Joe IPOs 24MM shares so he can keep 60% (90MM) in GNBT.
- That puts $96MM cash in GNBT's coffers and leaves an asset worth $360MM on the books.

- 90MM shares of NGIO on 120MM (est) shares of GNBT means each share of GNBT effectively "owns" ~3/4 of a share of NGIO. 3/4 of $4 is $3. And $96MM/120MM GNBT shares = $0.80. So the implied value of a share of GNBT based only on the marketable value of NGIO is $3.80.

Temper that by the payment of debt reducing that cash value and additional dilution due to various warrants, etc. Maybe we're looking at $3/sh?

Now let the world start to see what additional value might come out of all the pieces and parts of GNBT and the NGIO successes start to mount as Joe puts $70-80MM to work.

I think we can clearly see a path to a NAZ uplist and a real, growing company on the horizon... correction... TWO real, growing companies.

Please let the hacking/correction of my analysis begin!