GTG genetic technologies limited

future profitability, page-5

  1. 34,916 Posts.
    lightbulb Created with Sketch. 480
    GG,

    Thanks for that. Wasn't the recent capital raising for $1mill for around 10% of the company? In this industry $1mill doesn't get you very far. How are you so confident that the $1mill is all that is needed to substantially increase it's value without any further dilution. 75% down to 40% seems a huge hit for GTG ownership. Why didn't GTG just invest the $1mill in the subsiduary themselves and retain shareholder value, especially if this has such a lucrative potential?

    Sorry I am not up on this subsiduary, maybe I should read your previous posts first.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.