The announcement today is just the execution of an announcement made Oct 2003. If you think 75c sounds a bit much for GTG shares based on the current sp, well that is because the deal was struck when the sp was at these levels. I do not know what the IP from CYO is, (gene sequencing techniques, maybe) but I expect it is worth more to GTG than CYO because GTG has an established licensing business that can sell and enforce the patents. However, there is a significant difference with the final deal announced today than the one announced Oct. It states CYO cannot sell the shares until Dec and then only 20% pa. This maybe to keep GTG shares scarce when GTG lists on NAZDAQ.
Kacy
GTG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
