This company is a dud. Rang on Monday to ask some questions about some concerns I had. No answer, left a message. No return phone call on Tuesday or Wednesday. Rang back on Thursday and spoke to receptionist who sounded lovely but said that no directors were available. Finally got a call back today.
Blockchain: Asked about the JV deal with Blockshine that the company had stuffed up ASX rules with and that we paid $250k for. Blockchain is no longer a priority but may add some value in the future (Whatever that means) Asked about the 250k, from an accounting side, it'll probably just be written off. The attitude to a quarter of a million dollar loss because of GTG's stuff up was staggering, sounded like 250k was nothing.
Launched tests: Didn't know too much about the operational side of things. I asked whether products had been launched, he said they had. I asked if I could buy a test kit today, he said he thought so. I asked why we hadn't made any money from sales, he couldn't answer.
He did say that he would get someone to call back with those answers, I told him not to bother as I won't be a shareholder for much longer.
GTG Price at posting:
0.5¢ Sentiment: Sell Disclosure: Held
