There is something majorly wrong with GTGs Market Credibility...
The SP absolutely stinks..
To much spin from announcements over the CEO's reign, with no follow up revenue from such events..
The CEO can not achieve any market traction.
With several recent quality anns posted and the stock gets sold down, with huge vol.
Even after the 100:1 consolidation, the SP is at trash levels.
The CEO openly stated that after the GTG share consolidation the SP would be 25-30c, what an inexcusable blunder, NFI.
Especially when GENE was already at 15c equiv. when he said it. NFI.
Now under his expert management our market is opened up again for mass arbitrage play, and the CEO has no answer.
Where's the driven shareholder wealth.
The Chairman bought on market the other month avg 13.5c
How are his holdings now.. just 9c today..
The SP has Not moved in a upward trend since this current CEO has been at the helm. Fact.
Shareholder wealth.., Sub- Zero.
The Market has lost all Credibility in the CEO.
The Board needs to make tough decisions.
The CEO must go, he has little or no Market CRED.
MM's are walking all over him.
Promote the newly appointed board member Dr Malcom Bohm as interim CEO while searching for a replacement.
One that is technical & experienced and that can drive the company with market confidence and raise the SP.
One that will hold the respect & credibility of the market.
What ever happened to the US Medicare/Medicaid GeneType reimbursement -Spin- talked about in previous years??Never eventuated..
Just deliver more Spin, there is never any follow-up for Investors.
What ever happened to the Strategic Alliance with global leader QIAGEN? crickets..
GLAH.
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