Selling the IPs is > the sum of GAP IMHO, from my understanding of the articles of takeover, Bryden hit GAP in the proverbial head by throwing it a life-ring, saving it from sinking. Now, under the "guidance" of CVC, he wants to sell GAP in parts (patents and Intellectual properties), hoping to get more from the parts then getting next to nothing from bankruptcy. So, I guess we should thank(?) him. I'm certain he will keep the cancer formula off the table, in case they do find a Sugar Daddy for trials, and perhaps a Fast-Track designation from earlier studies/trials showing promise.
Now, we need a transparent pipeline timeline, and the inevitable share restructuring (RS), and name change(?). Will this new undertaking by CVC (aka Bryden) benefit longterm GAP shareholders? Don't hold your breath. Bryden and co. will shine, but only from the detriment of shareholder value. I admit, I had a good laugh when I looked up Stormont's website and read:
"SC Stormont provides strategic leadership to small and medium sized Canadian businesses operating primarily within the Ottawa - Montreal - Toronto corridor. Drawing from the experience and expertise of our principal, Rod Bryden, SC Stormont’s team delivers senior executive and strategic direction, in exchange for company equity.
Once SC Stormont has joined your company, we will evaluate and execute on all corporate and financial aspects, including: interacting with and pursuing capital markets, sales and marketing initiatives, company and product focus, as well as establishing and maintaining key business partnerships.
SC Stormont’s model is structured so that we do not get paid until the company we are working with is in a solid financial position. Our equity ownership ensures that goals are aligned in order to achieve maximum return on investment for all stakeholders." https://www.scstormont.com/
Q: is Bryden Really looking out for shareholders' value?
Caveat emptor
Cj