GTG 5.56% 0.9¢ genetic technologies limited

GTG Market Cap

  1. 102 Posts.
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    OK, maybe I'm missing something .....

    The current Market Cap of GTG is $56M with a Share Price of $0.050.

    Kentgrove Capital Growth Fund are putting $24M into GTG. According to GTG's Quarterly Activities Report - 31 December 2014, GTG have $1.25M in Cash at the end of the December 2014 Quarter. Therefore, that's $25M in Cash. You would imagine that GTG has some value in their Assets in their business (e.g. Instruments, Equipment, etc).

    Does that mean that the difference (i.e. approximately $30M less their Asset value) is the value placed on GTG's IP, including BREVAGenplus?

    That sounds incredibly low to me when it used to have a Market Cap of well over $100M when it had a lot less Cash and when it had less access to distribution of BREVAGen / BREVAGenplus in the U.S.!

    Your thoughts?

    By the way, as of now the share price has just broken US$9.40 (up over 50% today)!
 
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