GTG 0.00% 5.1¢ genetic technologies limited

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  1. 11,430 Posts.
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    vogliobene

    I bought my first GTG when they were around 1c and they announced buying Brevagen

    I noticed that they raised money then above the market price from a single investor and it was around $1m

    So he must have been knowledgeable I assumed and followed

    GTG went on like a rocket, he sold out 10c, I held on

    recently I was afraid that they run out of cash and finish belly up

    financing is a game changer with 2 points worth noticing

    1. The original Brevagen was developed by a Venture capital for the cost around $200 m and they were very smart just GFC got better of them
    2. Nothing stops now GENE to sell BrecaA and B in US, they have know how and no patent protection any more

    Look on my post showing the graph with the MYGN performance on the first product launch

    most of companies in new business do not get it right the first time, a lot of fail

    my opinion GTG gas turned the corner, I increased my holdings by 50% last week and hold on, Hail or rain

    grubarura
 
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