Geobio Energy (fka GBOE)

[captainsquishytoe]

Here's the good news.

Notwithstanding that this is a dilution scheme, no one is going to invest $20M into GBOE with Otto controlling +40% of the stock. So Otto converting his debt to stock indicates that his exit strategy is to get out of GBOE for ~$1M or better. An investor will want Otto out and it looks like that is happening.

The filing in and of itself is a positive first step.

The $23M NOL is attractive.

The overall debt isn't bad.

There is a deal here that is attractive to investors if the valuations of Collins and H&M hold up. For $20M you can own a company valued at ~$16M with no debt and some remaining working capital moving forward.