STTCOMP GTG, FA Long SP: 1.4c MC:$40M (post placement to...

STTCOMP GTG, FA Long
SP: 1.4c
MC:$40M (post placement to Blockchain Global)
Cash: $11M

We are seeing alot of bullishness over in the US for Bio Techs on the Nasdaq and GTG is one of the few ASX stocks listed on the Nasdaq which Ive always felt is the companies Trump card and is why the Blockchain Group fought so hard to get control of the company.

1.4c should prove to be a strong floor as this is the same price Blockchain Global will be taking their placement at

For reference they took placements on DCC around 2c and FGF around 1.2c and the share prices have gone on to make many bags since and still sit alot higher than those placement levels

My minimum target is 3.5c based on Blockchain Global receiving 500m shares in 3 tranches based on a share prices over 2.5c then 3c then 3.5c