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Yes, possible, anything is possible. Im holding on to my
zero dollars as I have a feeling we will be coming back some.
Yes they may be interested in the NASDAC, else when pump up
the stock, why not just take GTC over.
Now, The question is if LFB was driving the stock down to
pick it up on the cheap, why pump money in and raise the
price per share?
It now owns, oh I dont know XX%, I have not done the math.
It owns GTC lock stock and goats. Maybe they wants to be in
the NASDAC exchange and will leave us small guys with our
shares.
And maybe goats fly, maybe, but could be. NO!
Hello H E L L O
Well is someone going to comment on LFB'S 10M
As a result of our financing transaction with our strategic partner, LFB Biotechnologies, we are taking an important step in re-establishing the financial stability of GTC with a committed, long term investor,” stated Geoffrey F. Cox, Ph.D., GTC’s Chairman of the Board and Chief Executive Officer. “We have also been very encouraged by the strong launch of ATryn® by our partner.
Sounds like the same old. But I hold on, who knows
LOL OK I give up, an artical dated July 20Th 2009 and
called a NEW break through is old. Yes its old. I
tip my hat to the men who keep this all in their heads,
and I hope logged somewhere.
I'll never find one, good job Flo
LOL, still cutting him no slack I see. But I hear you and
I can't argue.
Vinmantoo and Dew - a response but nothing new really,
I see this more as a defense of integrity and an indictment
on speculation. In a subsequent E-mail I stressed the
financial plight of the company (see the last paragraph)
and although I see a defense against some of our
assertions that financing should be available, there is
nothing to suggest financing is on the way.
*-----------------------* Tom
I do not intend to get caught up in back and forth
debating of speculative statements utilizing your
e-mails as a proxy communication process
for this or any other issue. Our documents
are a fair representation of the facts and our
views and should be used as the source
material for any investor to reach their own
conclusions. To close this thread as well
as my participation in this forum, I will point
out some facts.
The fact that MG and MS indications are not
new ideas for AFP is correct. This idea has
been in the medical literature for some time.
Merrimack chose to change direction to pursue
RA without obtaining any clinical data in either
MG or MS even though there was, and is,
comparatively little preclinical evidence for
efficacy in RA. What is unique about developing
rhAFP by either Merrimack or ourselves is the
fact that we have established a commercially
viable production system to enable development
and studies. By referring to the preclinical studies
you will see that significant work with AFP in MG
and MS models had been accomplished utilizing
umbilical cord blood, which is not a commercially
viable production method. This very real limitation
has historically hindered others interested in the
protein’s therapeutic potential. We have been
consistent in stating our strategic interest in
programs where our technology conveys a unique
market position for a product that is difficult for
others to match using conventional systems.
Obviously, this discussion of the preclinical
work and the safety data that Merrimack has
gathered from the other indications does not
guarantee that rhAFP will end up being a
successful product in MG or MS. However,
nothing in the clinical work Merrimack did
complete suggests that rhAFP would not be
efficacious in MG or MS and the preclinical
supporting evidence of potential efficacy is
compelling regardless of how old it may be.
As far as I am aware, data does not have a shelf
life unless new data and facts are uncovered to
directly refute the established facts. Published
facts in peer reviewed studies are the highest
level of quality data we can point to. We believe
there is more than sufficient evidence to justify
interest by a potential partner in clinical
development of rhAFP for MG and MS.
Similarly, the points you raise about the liquidity
of private equity appear to be based on
speculation as superior to facts in making
judgments. The private equity markets are
difficult to assess for liquidity generally, much
less for a specific issue such as Merrimack.
While it is true that the IPO market is simply an
indicator and not definitive of this non-transparent
market, much less for Merrimack in particular, it is
a data point to help inform public investors who
have no private market exposure on the liquidity
of private issues among a broad group of investors.
This data point does support the diligence work
that we did on the Merrimack equity. The strength
of the point in your note appears to be on
speculation that we fabricate statements and that
entrenched view of our veracity must trump the
information we have provided. If this is the mindset
going into any discussion, it is not possible to
provide sufficient facts that will satisfy any
exchange of ideas.
All the best to you,
Tom
Thomas E. Newberry
I have protected Cox in the past, thinking the problems he
encountered where not his fault and therefore I thought him
unfairly judged, however I’m with you and other detractors,
financially speaking he has stunk.
I thought there was a financial surprise in the making and
he couldn't talk about it, but the time has come and gone
for such a surprise.
I’m surprised all right, I’m surprised right out of a small
fortune.
I still believe in magic and pixy dust though.
cleith - What has me confused is if GTC'S platform is so
great, and I think it is, why cant they pick up 75M to
100M which seems little compared to their potential.
That seems peanuts compared to the 500m and 1 billion dollar
deals.
Its hard to frame a question which essential is, why cant
you guys get your acts together, perhaps you are trying
to hold onto all your profits forgetting the stock holders
would ratter have something than nothing.
Vin - I did, I cleaned up what Dew said (well just removed
some tone) and sent it to him.
No response as yet! One day in.
If I hear I'll print it. ~
Wow - well I don't understand most of the science but I
get the drift. To me it sounded like he said something,
Oh well thanks for your time.
The only hope I see is the platform now and a buy out.
Tom N.
The AFP protein has strong potential in MS and MG, entirely
different indications than what Merrimack studied. We believe
that this asset has good potential to attract
partnering/funding interest. We stated our reasons for the
clinical potential and larger commercial potential in our press
release. We are very encouraged by the published literature on
AFP’s potential efficacy in MS and MG as well as the proven
safety profile developed so far by Merrimack’s studies. In the
meantime, there is no incremental cash expenditure to us and,
as you may recall by reviewing our previous quarterly reports,
the Merrimack contract revenues had come to an end.
The basis for trading assets (AFP for private equity), is that
each party believes that they can do more with the swapped
assets than is possible without the trade. Merrimack’s
programs appear to now be focused in oncology with no remaining
substantial activity in autoimmune diseases.
You may want to refer to the lack of IPO activity in our
industry as an indicator of the potential to liquidate
Merrimack private equity for cash, which you have presented as
if it were a realistic alternative that we could have acted
on. Evaluating alternatives is part of our diligence when
making these decisions.
_____________________________________________________________
Cox has been in bed with LFB to secure his personal future and screw sharehoders.
____________________________________________________________
I would say no to that but I can't. This has been so miss-
played that one valid explanation would be just that.
Yes maybe there would be a suit but it would have to
come from someone angry and with deep pockets. Unless
enough people create a class action suit which is
unlikely IMO.
Now we pray for a buy out of 5.00, what we have come to.
Yes my chief reason for staying, they would try to shut us
up.
Sure LFB can quietly accumulate as close to 90% as it can get and buy the last 2 million (or so) for .50c, for good will.
I’ll be happy that they got my billion dollar company for 1 million (more) or .7m Euros and feel all warm and fuzzy about LFB.
Just think I can then say I knew it all along, I knew Id get .50c, and that makes me right. Ha!
Sorry I’m peaked, I just have me to blame, its better to
be angry with them though, feels better somehow. Anyway
I do gree with you about the buyout price, not for good
will but its cheap enough to avoid a fight. Not that
there would be one. IMO
OKY
Negative, well some except that it makes
GTC even more attractive for a buy out or take over.
No?
I'm beat up but not dead yet; unfortunately for me I
believe in magic. LOL I shouldn't be investing.
What I’m afraid of is what Dew believes, that is GTC will
be accumulated and the remaining stockholders will be, what did he say, squeezed out.
The money left in my account does not warrant my continued
surveillance. I guess it never did. I will keep my shares
be they worth $1.00/a new shares.
I have wasted my money and my time. I still believe I have
an outside chance of getting my money back in 10 years but
looking every day was part of another dream.
Take Care all, I've learned to like and respect all
of you.
OKY is John and John is gone - Until June of next year
Bye Flo Dew Lew boo hoo and all you guys till then
The money left in my account does not warrant my continued
surveillance. I guess it never did. I will keep my shares
be they worth $1.00/a new shares.
I have wasted my money and my time. I still believe I have
an outside chance of getting my money back in 10 years but
looking every day was part of another dream.
Take Care all, I've learned to like and respect all
of you.
OKY is John and John is gone - Until June of next year
Bye Flo Dew Lew boo hoo and all you guys till then
Flo- The best to you and your family. I dream a better dream
for you flo, and especially for your wife.
Money does not seem as important.
Thank You floblu14 This is great and if GTC had money I'd clap my feet. Looks like hemophilia is very promising.
I could throw a hissy, beautiful dog and pony but not for us unless we stick around 25 years.
I've been had but I'm stuck here
at least in my mind. My now 4000 shares may get to 200
shares before we take off.
Then my dream of $50/share and $10,000 cool bucks. When I
have more than that now.
What was your read.
"So far Cox's track record has been awful including
the previous company he was a ceo at."
By all appearances he has been terrible. I know I know
Im hoping for more, I'll dream on.
Volume is nil, the .04c is lost over few. Silence and
patients is the word of the day.
Mark Twain once had to say, "The reports of my death are
greatly exaggerated".
GTC is in trouble, they have a plan let’s see what it is.
Right now we are down .04c old price. People are worried and
rightfully so. The second shoe has not dropped yet!
Yes, I'm talking MYSELF up.
Silver lining, OK they have a partner for the 25M so
we wont be diluted by lbf but they don't have 25m they need
for
operations. They reverse split to free up their shares for
expenses. At say $5/share they sell 5M shares and the
total pool of stock is small, yes diluted but still not
as bad as we dream in nightmares.
Biopearl -I think this really bad because if tomorrow had
good news why not let the good news jack the price.
I think a reverse split and bad news. Im sorry praying
does not work at this level of hell.
I must have missed the "joke" or reference --> alertmeipp
http://www.fasebj.org/cgi/content/meeting_abstract/22/1_MeetingAbstracts/1112.3
Anyway, someone can fill me in, or we can enjoy the peace.
biopearl - From the action today I would say the investment
community is not very impressed with what they believe GTC
can do for itself.
I wait with bageled breath. Not dyslexia, I just figured Id
enjoy myself while I wait!
I'm hoping at this meeting Cox becomes St. Cox.
OK many great minds on the board say Ha Ha. I say
nothing GTC has done makes sense unless there is a big
positive surprise here.
If GTC and Cox has nothing much to say Wednesday, then
I've swallowed the poison pill, what can I say.
Well I think he believes that you have not thought this out.
He feels you are being emotional. He on the other hand has
the facts.
Look those who have written this off have to believe that
strongly because otherwise it would mean they are wrong,
maybe not logical (oh no).
Those who believe GTC will make it insist on knowledge
gleaned from excruciating study and evaluation and a finely
honed intuition. They are accused of being dreamers.
As it stands now based on what we absolutely know, I lean
to the bashers myself, although I still own.
I do dream that GTC will make it and point to recent
developments to back me up. I mean the companies creating
long term relationships with GTC.
What that tells me is that if GTC does not continue then
some entity will exist with their goats, this means a buy out
at the least. To prevent stockholder actions I really cant
see less than .35C so I stay in, nothing more to lose in my
view.
However the truth is we are all speculating on past
disappointments with high anxiety. Some have decided that
we can't go down the GTC road again, I mean who can
blame them for being negative. If GTC makes it they can
shout, luck. The ones who stayed in will still be seen as
dreamers but lucky dreamers. They will always remain "SMART".
They will claim they got back in and only lost .05c anyway.
We, if lucky and intuitive can take our money to the bank
but can never justify to the less intuitive (thats our spin).
We can feel superior to ourselves but never to them because
they are protected.
They are in a psychologically far superior position, they are
well protected, we are swinging in the wind and will never
be acknowledged. For what exactly, I really don't know.
Dew - I made it back in, I posted this on YAHOO but would
not have but after writing it I thought it a waist not
to post it, problem with I-Hub last night!
**********************************************************
Dew croumagnon has expressed what I
have been thinking for some time now,
a stockholder friendly take over of GTC.
Your response was surprising; apparently
you have no faith in LFB and I can understand
that!
“With GTC, on the other hand, no
contractual safeguards for non-LFB
shareholders have been disclosed,
which implies that there simply aren’t
any.”
However no deal having been disclosed there
wouldn't be any, so... Crou was speculating
and hoping; his dream is not entirely
impossible, in fact I’m hoping for the
very same.
I have no problem with your lack of
confidence in GTC; in fact I share some
of your views. But you speculate in the
negative in the middle of a dream. You
have conceded the possibility of
such a relationship but then quickly
speculate a negative, which may or may not
be valid.
However, you are unrelenting in your
negative feelings and couch them as
valid intellectual conclusions. Ha and
posh. Not all of them!
Why contaminate someone’s dream with
yours. Or at least why not concede a
positive outcome even if you conclude
the odds are poor. Why close every hole
in your thesis with whatever you can gather
from your vast mind. You sound spurned!
Leave the victim twitching, as I would hate
the thought of this turning on you. You
have been and are a valuable contributor,
and so why is that not enough?
Or maybe its a blip.
"You may be an undigested bit of beef, a blot of mustard, a crumb of cheese, a fragment of underdone potato. There's more of gravy than of grave about you, whatever you are!"
— Charles Dickens (A Christmas Carol)
Come on
Dew I had no idea but then again I don’t have that kind of
memory or organization.
Yes the article is dated By Katrina Megget, 06-Sep-2007
and I could have assumed someone here had posted it, I did
not think I was the first to hear the news LOL.
I was pointing out possibilities by showing the past. After
almost two years this might be news to some and I'm sure
you can see its relevance to the current situation. Not
to say this is what is going to happen but to stress the
possibilities giving weight to what LFB have done
in the past.
You might be wondering why I remain positive, however
I assure you that after reading many of your posts and
the posts of others I’m far from assured of my position.
Even the lower expectation of .35c, however I don’t
believe anyone posting on the board knows what is
going on behind closed doors and I hang on to hope.
Sincerely OKY
Not my post but here it is:
LFB to take over MAbgene
By Katrina Megget, 06-Sep-2007
Related topics: Processing & QC, Processing (automation, control, separation)
French pharmaceutical firm LFB has announced its plans to incrementally acquire fellow biotech company MAbgene through the development of a new entity for a total of €6m.
The deal marks LFB's drive to increase its bioproduction facilities following its move into biotechnology last year.
The new company will be controlled by LFB subsidiary, LFB Biotechnologies, and will operate out of MAbgene's manufacturing site at Ales, southern France.
The terms of the current agreement stipulate that LFB Biotechnologies will acquire 41 per cent of the stock capital and 51 per cent of the voting rights in the new company for €3m upfront, meanwhile providing MAbgene with the funds needed to develop its activities, build new operating facilities and recruit additional personnel.
The objective is to fully acquire 100 per cent of MAbgene.
http://www.in-pharmatechnologist.com/Pro...
http://translate.google.com/translate?hl...
vinmantoo:
Dew's intelligent, thoughtful and complete analysis is
a welcome to me. Of course he would be negative, and
negative in excess of his previous positive.
That’s a law of nature, his past expended energy needs
to be counteracted by “Dew” argument turning what he
saw as positive into a the new negative, right.
Have you ever talked to an "X" smoker?
The fact remains there is a legitimate negative stance
on all things positive, so we learn how we may be looking
at GTC with rose colored glasses.
He brings us as much in a negative vain as he did in a
positive vain. It’s up to us to do our due diligence.
Wow a very good dream. I take it the old stock holders will
get shares in the new company. Whats super doper about this
dream is the financing, it will never be a problem again.
I like it, I'll dream it tonight! ~)
PS: I like it because I can believe it 27.56212%
stockystumpz - This 35m market cap theory looks more cogent
all the time.
That does have implications if true. As my last message
indicated, if there is no hope for GTC making good on the
15M loan keeping the 35M market cap makes little sense.
1. We can’t make the loan and will be taken over. No
need to hold the 35M cap here.
2. We can’t make the loan but we will struggle on
diluted shares. This would mean months in limbo its unlikely
GTC or anyone else would continue to hold the 35M cap. They
would have allowed it to sink.
3. So “IF and that’s my dream” there is a holding action
on market cap, it leads to the belief that either they are
partnering for the money or a big daddy is loaning the money
at some substantial cost.
IF the reason for the .36c is a holding action that is.
Lets see, as the days wear on, will the .36c hold. If not
I give you a big, NEVER MIND!
There is a chance that we can't make the loan, GTC is well
financed and allowed to remain an American co. That could
be a reason to prop it up now, but I think this a low probability.
Pharm - I could barely believed the reason you gave for
the jump in price, but now I have to say it sure looks
like someone (thing) is holding us to .37c.
They missed yesterday LOL.
Now in my pure guess mode I would say the deal is more than
two weeks - four weeks away, cause if we are right (why not)
then someone is afraid the deal will come to late
to save the delisting.
Also as Colombo....
I'd say not a buy out but some kind of financing, maybe a
partner. Why because they are worried about a delisting.
Hee Hee I'm good, I give this an 8.56721% probability.
What do you think?
A nice surmise Parm, OK if that is
true you have to ask, "what does that
mean", why would there major
stockholders comply? Then there is a
surmise on top of a surmise. It would
lead one to believe there is some kind
of deal afoot. Otherwise why bother.
Its fun to play!
Old student - I've been suffering a burr under my blanket
a while now. I've tried not to say it but I think I will.
We know nothing but think a lot and depending on the role
we wish to play, take positions and predict up a storm.
Of course then we have to defend.
We know what is showing but like the iceberg 90% is under
water.
Investing is not always knowing it’s sometimes faith, just
as uncertain as the little knowledge we have.
We are in the hands of forces not seen, and certainly not
controllable.
The answer to your question is truly, perhaps someone
knows but I doubt its any one here.
It’s my strong optimism. I’ve won over the crowd.
Its better not to be to smart because when you’re very very
smart you make things up and call it extrapolation.
At least when I make stuff up it ends in a positive outcome
for me.
We won’t know till the fat lady sings, we just don't have
the facts.
Ok I get most shares can’t be sold as yet (underwater).
That LFB has shares (Bechon Christian) which are also wet.
That there is only 1% ownership by officers (boy is that sad).
Not that I make a strong case but it still remains,
of those who can sell no one has. (Give me that at least)
I hear you and you make a strong argument, but I still
believe that there is something we don't know.
Of course I believe in a soul, and aliens, and a few
things left unsaid so.. I give you your groundedness.
I’m reduced to prayer because with time even I am losing
belief. However I still think, if taken over, we will be taken over at .35c.
Can they get GTC for one price and try to offer us
less, maybe so but messy no? Since I miss things perhaps they
can.
A better dream is we get diluted and they allow us to
stay at 50% of our current potential. Not to bad if
they finance "THERE" company. I see bucks in the future
that being the case.
You have dismissed my best dream LOL but then I guess
you would say I believe in a tooth fairy.