Workflow
Genetic Technologies Strategic Restructure Driving USA Sales Growth
GENEGenetic Technologies(GENE) GlobeNewswire News Room·2024-07-26 12:00

Transition to a capital light operating model; with lower cost operations Continued focus on the Company's core business of "EasyDNA" and "GeneType" Working capital funded by short term 800,000securedloan(fromlendersincludingDirectors)ActiveChannelpartnersintheUSAwithgeneTypesalesgrowthEasyDNAsalesof800,000 secured loan (from lenders including Directors) Active Channel partners in the USA with geneType sales growth EasyDNA sales of 7m and growing The Company intends to fund working capital requirements with (i) a secured loan facility of $800,000; plus (ii) launching an Entitlement Offer. EasyDNA and AffinityDNA proje ...