RE:RE:webminarSummary:
-HKSE market is too crazy right now to list there (billions a day in exodus of cash from asian markets)
-TSX isn't attracting the right foreign investors
-CIBT will list around 1/3 of GEC on a major US (eg NASDAQ or NYSE)
-Cash proceeds will go to fund GEC projects/increased ownership
-Option to spit out GEC shares as dividends to MBA shareholders later
-Toby was vague on valuation, but said 4-40x GEC earnings (I assume its normalized/projected earnings), large range because it depends on the market
-Example was $15M GEC earnings at 4x would be at a min $60M or just under $1 a share
-Not sure if he was setting low expectations, but based on the meeting, I got a feeling like 6-9x
-There is a 3$/share capital gains earnings net to CIBT shareholders (coming in 2022 I believe he said, forget which property)
-Target is 4-6 months to list, so 2021