GTG 5.06% 7.5¢ genetic technologies limited

Not launched, just announced. No one is selling it and no...

  1. 162 Posts.
    lightbulb Created with Sketch. 45
    Not launched, just announced. No one is selling it and no timeline as to when it will be sold. Just a MOU with tgen on which we have no further news. MOUs are NOT generally BINDING, and GTG has FAILED to mention whether it is binding or not, which leads me to err on the side of NON BINDING.

    All this means this Quarterly will be dismal like the rest as the company has no revenue streams. Hard to imagine how much more dismal it can get, considering last one was $5,000 incoming cash and nearly $1,400,000 cash burn.

    Also keep in mind a director's shares worth $700,000 were sold in a no-go period and from what I can tell has not faced any consequences as a result. What is going on?
    https://hotcopper.com.au/data/attachments/1627/1627912-306ca5e533c7875524ef2f2293907288.jpg

    Proceed with caution.
 
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