He hasnt stepped down, he has announced that once a suitable...

He hasnt stepped down, he has announced that once a suitable replacement is found he will. There have been no allegations made public as to a). who ASIC are looking at and b). what they are looking at. One thing has however been made very clear, the Company is not involved. So start looking at the Company again. It has $9m or so in cash, generates revenue of around $6m a year (excluding any new licenses), has a proven IP position re non-coding DNA and has a number of valuable research projects. Granted the existing CEO has not maximised the value of these assets, but surely a change is positive news given the recognised value of the underlying assets. This is a case of a classic founder CEO who stayed around too long. He created the asset but has not been able to monetise it. With the right CEO, the current share price looks exceptionally cheap. One further point, the Board of GTG has some exceptional talent but did not get to choose the current CEO. It will chose the next one knowing that their reputations are on the line and i suspect they will ensure that get the right person to realise maximum value