not much cash in $15m settlement, page-6

Piste, In response to Elliots comment: "that not much of the $15m settlement from Applera was in cash" you stated: "You are spot on correct Elliot. Furthermore, the market suspected that the cash component was not material due to GTG's reluctance to disclose it."

This is incorrect. On 15 Dec GTG announced: "In relation to the financial impact of the 15m settlement, GTG expects to record approximately half the benefits from these contracts as revenue in the current financial year."

Thus, GTG has disclosed that half the 15m settlement will be in cash and this will be added to the bottom line by the end of the financial year.

Elliot is correct in stating that the $4m Reciepts from Customers is largely attributed to "huge increases in testing revenues and other fees".

Sorry for being a bit blunt in my last post, but I only wanted to correct what could mislead investors on the cash component of the settlement and when this will be received. No offence meant!