GTG released its Half Year results after closing today. In summary Revenue up 264% to $8.24M and Loss down 61% from ($5.10M to $1.97M). Seems to be going in the right direction. Also plenty of cash in the Bank $10.8M.
Found small mention of Applera case stating the "Judge Spero indicated he would now confer with attorney's for both parties over the comming weeks to discuss next steps."
Hopefully a nice settlement in favour of GTG to come soon. If not soon then I'm sure the payment will be even larger if the case is allowed to go to court! I truely believe this is the last place either party will want to meet, However if it progresses to this stage I'd rather be in GTG's shoes than Applera.
This is purely my opinion, for what its worth. I do hold GTG both longterm ie. Super and Short term.
Good luck everyone.
GTG Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
