Agree, also skeptical, had a quick look at their prospectus and listing date was 23 Dec 14, so don't know if it was undersubscribed and if so for what reason, competition from similar product, no confidence in management, etc. I found out about it by an unsolicited email from HC, which GSS would have paid for, so makes you wonder what's going on. At least a small punt is possible i.e. $2000, so only a small loss if it goes pear shaped, with no more info might wait until they list (if they list).
http://www.copyright link/business/...ris-abbott-backs-biotech-push-20141014-11bwsw
http://www.smartcompany.com.au/growth/44909-biotech-company-gets-set-for-15-million-ipo.html
Genetic Signatures (GSS) IPO, page-3
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Mkt cap ! $153.1M | |||
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