GTC Biotherapeutics (fka GTCB)

[Tino232]

Have you considered a lawsuit?

Here in silicon valley, shareholder-friendly lawyers abound. Do we have a case?

Here's what comes to mind: Unwarranted dilution to the detriment of exisiting shareholder interest and in violation of the implied covenants under which the existing float was issued. Dereliction of duty to shareholders by failure to offer new shares to the existing shareholders first. Double-dealing and self-interest via sweetheart private placement deals that cut-out existing shareholders. Sale of a controling interest in the company and nationally-important intellectual property to a foreign controlled entity. Abrogation of the poison-pill terms of the shareholder covenant via, in effect, giving away the future benefits of the IP for a modest curent cash payment.

That's just a start in 30 sec of mental effort...

A letter of complaint by each and all of us to the SEC would be in order, no? Or would that be too much?

Good fortune to all!