As far as up listing to NASDAQ, merging won’t ma
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Posted On: 12/16/2021 1:05:56 PM
As far as up listing to NASDAQ, merging won’t make a difference. NGIO has no pps value, so merging into GNBT won’t increase GNBT’s pps even to the minimum $2/share price for listing.
GNBT is a holding company with its only asset as NGIO, so merging GNBT into NGIO adds nothing to the table other than NGIO acquiring back the NGIO shares that GNBT owns, which has no pps value at this time.
So the road to the promised land (NASDAQ) is still having GNBT pps sustained at $2 min for the required time period which requires that NGIO has a true tradable pps to give value to the GNBT held NGIO shares (only asset). But NuGenerex (NGIO) to have a true pps value, it requires that NGIO shares be traded on the open market which requires an IPO to NASDAQ,
So a merger potential changes nothing.
GNBT is a holding company with its only asset as NGIO, so merging GNBT into NGIO adds nothing to the table other than NGIO acquiring back the NGIO shares that GNBT owns, which has no pps value at this time.
So the road to the promised land (NASDAQ) is still having GNBT pps sustained at $2 min for the required time period which requires that NGIO has a true tradable pps to give value to the GNBT held NGIO shares (only asset). But NuGenerex (NGIO) to have a true pps value, it requires that NGIO shares be traded on the open market which requires an IPO to NASDAQ,
So a merger potential changes nothing.
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