I would like to add the most relevant reason to reject the LFB proposal:
In my opinion, of course.
GTC is first and foremost a company seeking validation of their platform. This is revealed in their anti-shareholder financings and even the Cox centerfold with a goat. It is revealed with most every deal they have inked, even the Merrimack deal which does not reveal any share of product sales. I believe if this deal is rejected by shareholders GTC will seek to seperate themselves from the controlling public and go private, and at this point I will happily take $2 when the alternative is much less.