2021 seems like it is finally going to be th
e year that Generic Technologies... They have finally started taking steps on the right direction employing the right people for the job. With a new CEO starting who is incredibly experienced in sa
les and marketing and has worked in the medical industry for over 20 years. I think this will be great for the company as this is where we have been lacking for quite some time. We have a vast array of tests coming to market this year starting from this month which will be the start the re rate imo.
The company is cashed up now and fully funded for the next 2 years which means no more CRs for a long time if not ever. Once we start making $$ from our testing kits there should be no need to raise funds again. The last raise was done to a US based investor that was happy to pay the equivalent of 1.2cents so they definitely see something that a lot of other people aren’t.
From a technical/ chart point of view the company looks to have started a long term uptrend in March 2020 and has be going up steadily since.. It has been basing for what looks to be about 5years now so when it does finally break out we could move very hard and very fast. I’m going to say that the share price will be multiples higher than where it currently sits at the end of this year and possibly may even get some take over offers lobbed at
us from major pharma companies once we start making a big name for ourselves.. Obviously this is all IMO but I have a good feeling that it’s finally our time.
