No word about what response was given to Nasdaq, and ASX about the significant rise in its share price? What actions are these two going to take in regards to GTG, & GENE movement while the company was in the process and planning to conduct an equity capital raising? So the 12th halted due to requests by these two, and on the 14th a voluntary suspension of trading to complete their capital raising this is all Genetic Techologies Limited has to inform with this ASX Annoucement dated 20 July 2011?
Poorly worded initial post I guess. Ok not due to requests as my first post stated, but GENE/GTG halted itself due to "query" from these two. Still what was the companies reply to the increase in price? What is GENE/GTG, NASDAQ, and ASX plan of action, findings, or response in regards to this?
I don't know, the stock went up, thats what most people want in the stock they buy, seriously I don't know, they have won several lawsuits, they just put a product on the market, they will be reporting ye earning shortly, there are many reasons for the stock to go up, maybe a leak to better news coming.....I'm shocked the naz inquied about the stock rising!
sigh.... Ok smart guy word for word for you... ASX Announcement 20 July 2011 Market Update "In response to a QUERY from both NASDAQ and ASX on 12 July 2011 regarding the price rise, the Company requested a trading halt in its shares in order to allow sufficient time to conduct the capital raising process and ensure an orderly market"