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$Reddit(RDDT.US$ I heard it all, some people made me sell 45.6 Say what price is between 20 and 35. Damn
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$ABVC BioPharma(ABVC.US$
A clinical-stage biopharmaceutical company dedicated to developing treatment solutions in oncology/hematology, neurology, and ophthalmology, today announced that one of its subsidiaries, AIBTL BioPharma Inc. (AIBL), has signed an agreement to exchange 100% ownership of certain real estate for 1,533,333 AIBL shares per share at a price of $5 per share. According to third party valuations, the property is worth approximately $7.6 million.
“We are very pleased that AIBL has reached this agreement and valuation. ABVC and its subsidiary BioLite, Inc., each own 23 million AIBL shares, and we believe this agreement will add hundreds of millions of dollars in additional value to these assets. We also think this deal proves why ABVC's current market cap of $12 million is undervalued by several orders of magnitude,” said ABVC CEO Dr. Uttam Patil. He further stated, “Real estate values usually increase over a long period of time. Owning this land will enable AVBC and AIBL to save costs in the future by growing plants and maintaining quality by owning farms with controlled conditions, which is critical to our medicines. The cost of manufacturing our medicines will be reduced, providing a more cost effective way to bring our products to market.”
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A clinical-stage biopharmaceutical company dedicated to developing treatment solutions in oncology/hematology, neurology, and ophthalmology, today announced that one of its subsidiaries, AIBTL BioPharma Inc. (AIBL), has signed an agreement to exchange 100% ownership of certain real estate for 1,533,333 AIBL shares per share at a price of $5 per share. According to third party valuations, the property is worth approximately $7.6 million.
“We are very pleased that AIBL has reached this agreement and valuation. ABVC and its subsidiary BioLite, Inc., each own 23 million AIBL shares, and we believe this agreement will add hundreds of millions of dollars in additional value to these assets. We also think this deal proves why ABVC's current market cap of $12 million is undervalued by several orders of magnitude,” said ABVC CEO Dr. Uttam Patil. He further stated, “Real estate values usually increase over a long period of time. Owning this land will enable AVBC and AIBL to save costs in the future by growing plants and maintaining quality by owning farms with controlled conditions, which is critical to our medicines. The cost of manufacturing our medicines will be reduced, providing a more cost effective way to bring our products to market.”
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$ABVC BioPharma(ABVC.US$
Today we are proud to announce that its CEO, Dr. Uttam Patil
Selected by CEO Insights Asia Magazine as one of Taiwan's top ten CEOs in 2024. This recognition is a testament to Dr. Patil's outstanding leadership, innovative vision, and significant contributions to the company. Dr. Patil is so confident about the company's future that he owns stock options without getting paid. In his first year as CEO of the company, the company's common stock price rose, social media influence increased, and a renewed focus on its essential products.
After receiving his doctorate degree in chemistry from National Tsing Hua University, he worked as a postdoctoral researcher at National Taiwan Normal University.
Today we are proud to announce that its CEO, Dr. Uttam Patil
Selected by CEO Insights Asia Magazine as one of Taiwan's top ten CEOs in 2024. This recognition is a testament to Dr. Patil's outstanding leadership, innovative vision, and significant contributions to the company. Dr. Patil is so confident about the company's future that he owns stock options without getting paid. In his first year as CEO of the company, the company's common stock price rose, social media influence increased, and a renewed focus on its essential products.
After receiving his doctorate degree in chemistry from National Tsing Hua University, he worked as a postdoctoral researcher at National Taiwan Normal University.
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