Sometimes you have to read between the lines. Notice Part 3 of...

Sometimes you have to read between the lines. Notice Part 3 of the last announcement on Sam Lee's glorious exit from this stock.

Him and the blockchain crowd took over this company with promises of making it go places in that sector. What has happened since? Nothing.
The latest investor presentations make no mention of blockchain and are back to their usual pie in the sky "great things are just around the corner" wording. Proceed with caution.

Anyway, the last section clearly states something of grave concern to any holder (enough for me to exit my position):

Were the interests in the securities or contracts detailedabove traded during a +closed period where prior writtenclearance was required?Yes
If so, was prior written clearance provided to allow the tradeto proceed during this period?No
If prior written clearance was provided, on what date was thisprovided?N.A

Directors need written clearance to trade during certain times like around price-sensitive announcements, and this was not followed. Worse still, under ASX listing rules a company must announce director holding changes to the market within 5 business days. GTG did not. This is a clear violation of the rules IMO, and should be investigated by the ASX / ASIC. Seems like GTG sat on this news whilst doing a share offering, and only after that did they quietly release this, 23 days after!!!!!!!!!

TLDR: A director dumped nearly $700,000AUD of shares, 100% of his holding in the company, no announcement to the market until the company did a share offering. Absolutely dismal.

I have no confidence in the honesty of this company's leadership.

Disclaimer: I have researched this the best I could and do not guarantee its accuracy. Do not take this as gospel advice and do your own research.


As usual, happy to be proven wrong.