$3,000,000 maket cap currently.
Voluntary Chapter 11 play here:
As of November 14, NVTR had $43,659,000 million cash and NVTR on 11 paid down $35,000,000 debt to this date and $7,088,000 debt is left by the end of Nov 15, 2019. NVTR needS $881,000 per month to run the business and NVTR is good until at least August 2020. There will be 20,000,000 lawyers & bk fees + 10,000,000 debt + 35,000,000 million impairment = 65,000,000
Now it is up the value of Algovita & Virtis. How much Algovita is worth? Currently, Algovita has annual sales of $40,000,000 and with the approval of full body use it is supposed to be worth around MINIMUM $100,000,000 alone.
Full body use approval of Algovita is one key to boost NVTR asset value and it is expected to be approved in December 2019 or January 2020.
Regarding Virtis, it is the most valuable asset of NVTR and its market value is up to $700,000,000 for interactive bladder. Even if it is unfortunately not approved, it is still worth alot!!! imo.
glta.
