There have been posts suggesting that Joe reduce t

There have been posts suggesting that Joe reduce the number of NGIO shares. Other than a reverse split (with its own costly complications), the only way that shares can be retired (returned to the treasury) is for the company buy back the outstanding (float) shares from the shareholders. Since NGIO is a standalone privately held company with no assigned PPS, not sure how that could be done.

I suppose NGIO could offer a per share buyback price, but since NGIO has no cash, not sure how that could happen.

NGIO could ask the shareholders to freely give back a portion of their shares, but at a $0.0001 per share par value, that couldn’t even be used as a tax write off.

GNBT could give back some of its NGIO shares, but in doing so it would reduce the percentage of the NGIO company GNBT held. Also, since NGIO is presently the largest asset GNBT holds, I would thing (hope) that shareholder (voting) approval would be required to give away any held stock and thus reduce the net value of the company. I for one would never vote for such a proposal.

I own ten times more GNBT stock than NGIO stock. Any increase value in NGIO pps due to decreased dilution would never offset the GNBT pps reduction. And for GNBT stockholders with no NGIO shares, it would be a 100% loss.

I am sure that Joe, his accountants and lawyers are well aware of all of this and even things that haven’t been posted on this board or even considered by any of us. I imagine that is why the Investor Conference Call is slated for Feb. 5th, to give Joe and his team time to implement their plan(s) before the call and be able to give definitive answers to when the NGIO IPO becomes a reality and GNBT gets dragged out of the OTC cesspool and into the NASDAQ promise land.