Honestly, I don't really understand all of this.
I get that GNBT needs to pay ~$6 million to "Three Brothers LLC" according to the court ruling. Not sure still exactly why that is, but let's assume here that the judge knows what he is doing at least in this regard.
But how can that same court now order to give ALL OF GNBT's assets to these three brothers?
In the list that you present are single items included that are worth a multiple of the $6 mill. alone.
Take GNBT's part ownership in Olragen. During the May CC last year the Olaregen management team described a clear plan to roll out Excellegen with assumed double digit millions dollar revenues within the first year after they started this larger market introduction campaign.
With this information alone Olaregen is supposed to be worth a multiple of these assumed annual revenues, and thus GNBT's co-ownership should be worth at least 10 times the owed $6 mill.
Now let's look into NGIO. It has an assumed ready to be clinically tested Corona vaccine (current status unclear), the IP rights to its proprietary ii-key technology, several other developments in their pipeline (e.g. AE37) and a conservatively estimated stock market value of $500 mill.
Now let's look into Oral-lyn, the reason why I bought my first GNBT shares more than a decade ago. Back in 2005 it was assumed that the insulin market would be an industry with 2 billion dollar in annual revenues in the (back then) - near future, and Ana Gluskin was hoping to get at least a 10% share of that market with Oral-lyn. So this ready to be (again) "phase III" clinically tested product is supposed to be worth at least 10 times the $6 mill. that GNBT is supposed to pay to the 3 brothers.
So just from looking into these three items on the list that the court ordered to be given to Three Brothers to compensate them for their $6 mill. are worth several 10 times that amount. And even though it is yet unclear how much, the remaining items listed are supposedly be worth additional millions of dollars.
So HOW ON EARTH is it possible, not to mention JUST, that this court is giving away all of this company value, the value that belongs to us shareholders, to these Three Brothers?
Can somebody explain this to me?? I really don't get it.
Any hints or help to understand this, would be highly appreciated. And please refrain from "This is the Wild Wild West called the OTC" explanations, thank you!
I get that GNBT needs to pay ~$6 million to "Three Brothers LLC" according to the court ruling. Not sure still exactly why that is, but let's assume here that the judge knows what he is doing at least in this regard.
But how can that same court now order to give ALL OF GNBT's assets to these three brothers?
In the list that you present are single items included that are worth a multiple of the $6 mill. alone.
Take GNBT's part ownership in Olragen. During the May CC last year the Olaregen management team described a clear plan to roll out Excellegen with assumed double digit millions dollar revenues within the first year after they started this larger market introduction campaign.
With this information alone Olaregen is supposed to be worth a multiple of these assumed annual revenues, and thus GNBT's co-ownership should be worth at least 10 times the owed $6 mill.
Now let's look into NGIO. It has an assumed ready to be clinically tested Corona vaccine (current status unclear), the IP rights to its proprietary ii-key technology, several other developments in their pipeline (e.g. AE37) and a conservatively estimated stock market value of $500 mill.
Now let's look into Oral-lyn, the reason why I bought my first GNBT shares more than a decade ago. Back in 2005 it was assumed that the insulin market would be an industry with 2 billion dollar in annual revenues in the (back then) - near future, and Ana Gluskin was hoping to get at least a 10% share of that market with Oral-lyn. So this ready to be (again) "phase III" clinically tested product is supposed to be worth at least 10 times the $6 mill. that GNBT is supposed to pay to the 3 brothers.
So just from looking into these three items on the list that the court ordered to be given to Three Brothers to compensate them for their $6 mill. are worth several 10 times that amount. And even though it is yet unclear how much, the remaining items listed are supposedly be worth additional millions of dollars.
So HOW ON EARTH is it possible, not to mention JUST, that this court is giving away all of this company value, the value that belongs to us shareholders, to these Three Brothers?
Can somebody explain this to me?? I really don't get it.
Any hints or help to understand this, would be highly appreciated. And please refrain from "This is the Wild Wild West called the OTC" explanations, thank you!
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