GEN - A ski slope

**willy_wonker** · 11-03-2004, 12:05 PM

Marine. What was the IPO price for GEN? Also, what price did the promoters get the shares at? Just wondering what will happen to this company? How will the survive with such a high cash burn rate and revenue that doesnt even cover half of their expenses. It doesnt look good !

Are there any value in GEN?

Any bio tech gurus out there know if GEN has any products of value?
Why hasnt there been any restructuring to reduc expenditure and management structure?

Disc: NOT a GEN holder

**whatsup** · 11-03-2004, 12:33 PM

WW Sept 2000 listing at $6.00 & $4.6Aust raised $34 mil Kiwi

**whatsup** · 11-03-2004, 12:35 PM

WW sorry went to high of Approx $7.6 after listing !!!! now Q 1 whats its value 2 whats its future!!!!

**willy_wonker** · 17-03-2004, 12:02 PM

GEN is looking worst everyday I look at it.

How low will it go? Will the company survive?

Disc: Not a shareholder

**biker** · 17-03-2004, 12:19 PM

quote:Originally posted by whatsup

WW Sept 2000 listing at $6.00 & $4.6Aust raised $34 mil Kiwi

And they were very hard to get.Glad I didn't persevere and end up with some.

**Sid** · 17-03-2004, 01:06 PM

Market cap is $18m, cash holdings as per todays Herald Genesis story is $23m. This says the market doesn't give Genesis much change of ever turning a profit.
Wonder if Wrightson's will have another look at it.

**marinesalvor** · 17-03-2004, 08:33 PM

Wrightsons must be close to writing off an ill timed and ill considered move...

How on earth GEN has any cred is startling - why would the Herald today publish Watsons rantings as if they meant anything?

If ABN AMRO think they can raise 40m for Agrigenesis (a subset of what is only worth 18m at best) then they really are as dumb as we think they are