I think those are authorized shares not issued and

I think those are authorized shares not issued and outstanding shares:

Here are issued and outstanding shares -

100,300,000 Common A, issued and outstanding
5,555,556 Common B, issued and outstanding - does anyone know if 5,555,556 shares will be the float for NGIO? Not sure if I understood it correctly, but seems like NGIO is just raising $50 million for the IPO...since the S-1 states -

Generex will own at least 60.6% of our Common Stock after the completion of this offering and combined with 300,000,000 million votes provided by its 100,000 shares of Super Voting Preferred Stock, it will have 91.1% of the voting control over us after the offering. As a result, Generex will be able to control the management and affairs of our company and any matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions. This concentration of ownership may have the effect of delaying or preventing a change in control and might adversely affect the market price of our Class B Common Stock. This concentration of ownership may not be in the best interests of our other stockholders.

SO I am thinking GNBT's PPS should be affected by the NGIO's PPS...since GNBT owns 60.6% of NGIO after the IPO. Thoughts?

Thanks!




Assiduous wrote -

New Math:

235,000,000 shares of Class A Common Stock NUGX? OTC Pink
500,000,000 shares of Class B Common Stock NGIO NASDAQ IPO
25,000,000 shares of preferred stock

Class B $11 liquidation value* (*Only if there is enough cash available)
Class A OTC Pink value with conversion to Class B shares, time frame 9 -18 months

Conversion rate Class B / Class A
Example: Class B = $16 Class A = $1.5 16/1.5 = 10.66
You will get 1 Class B share for every 10.66 Class A shares
Question: Will your converted Class B shares also have the $11 liquidation value?
If yes, will the market consider that future $11 value into the current NUGX OTC pps?

GNBT valuation will be considered the same as it is now with the NUGX OTC Pink share price.
The NGIO pps will have no effect since GNBT does not own any NGIO shares, only NUGX Class A shares

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