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Thursday, August 27, 2020 9:07:07 AM
Maybe another catalyst promos a price move up between now and then but suspect we flounder between here and Schwarzenegger’s warrants/grant price of $1.39 until real evidence of revenue generation. It won’t be Q3 revs that move needle.
Bottom line Andy wants to sell the company (personally believe Disney offers) for a minimum $2B which is roughly $10/share within next 2-4 years.
Sure he could have (we all could have) gotten $11 a share for his stock just a few months ago, which is why $2B is the low end of company sale IMHO. But they need a real rev ramp to show value or develop some Stan Lee concepts to get Disney hungry to acquire. Disney wants Stan Lee’s vault for further Marvel profit. No doubt.
GBI now has plenty of cash to do so, so it’s a matter of time and gamble if Andy can pull this off. Make no mistake an investment in GBI is (and has always been) a gamble. We got lucky the stock got way ahead of itself at $11 (thank you clueless Robinhooders) But it makes investing more fun that way. Very high risk/reward.
We will get back to $10-$20 IMHO in time. 2-4 yrs.
GLTA
PS Lawsuits are BS. Ambulance chasers. Anyone doing their DD (like you) knew the Preffereds would convert and dilute the hack out of common shareholders. From roughly 20M to 200M shares in short order. Was no secret. Lawsuits won’t get anywhere but can hurt shareholders (May a) if company must waste $$ to defend
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