The purchase and sale in a registered directoffering of 3,846,155 American Depositary Shares (“ADSs”) (or ADS equivalent in lieu thereof), each representing sixhundred (600) ordinary shares of the Company, at a purchase price of US$1.30 per ADS.
Do the Math:
GENE: $1.30 --> GTG: 0.003 (Fx:69c).
GENE: 3.8M ADS shares --> GTG: >2Billion Ordinary shares!
The Co has valued our GTG shares at $0.003 each.(1.30usd)
Plus diluted the share base by greater than 2 Billion shares.
Shame the CR didn't go out to retail investors, means we are further behind.
That puts the GTG share valuation imo somewhere around 0.0026
The markets holding these GTG shares up.
No trades since 10:53am its now 12:40pm?
Somethings got to give...
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The purchase and sale in a registered directoffering of...
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