Ann: Appendix 4C - quarterly , page-77

GBI management has done well in persevering shareholder's value by avoiding large dilution as evident in the latest announcement & the small placements of convertible notes each quarter.

"In determining the appropriate size of this raising, the board has been cognisant of the desirability of avoiding unnecessary dilution in advance of the conclusion of the formal process." 19/5/14 ann

Luminex's xMAP platform (automated instrument & beads) would be a direct competitor to GBI's Ampa-sand/Q-sand platforms & the Sirocco automated instrument. Wonder how GBI's platforms stacks up against Luminex's?

http://www.luminexcorp.com/prod/groups/public/documents/lmnxcorp/082-xmap-tech-sell-sheet.pdf

IMO