Partnership...
All speculation for now... However, I think one of the key financial pieces of the partnership will be the price of any equity interest sold to the new partner. I would HIGHLY encourage management to negotiate selling an equity interest at a significant premium (40-50%) to the market price (current $1).
The additional $4-$5 million that a partner would pay on a 10 million share purchase would provide GTC greater financial flexibility, while putting a higher floor to the stock price. It would also show to the street that Management and its partner not only believe in the Company and its prospects but that the current market price was complete inaccurate. IMO, selling the equity interest at a premium would be a win-win situation for everyone, GTC, shareholders, and the partner. I'd actually prefer if GTC received no or very little upfront cash, while selling an equity interest at a significant premium.
I hope that made some sense since its late, I mean very early in the morning. Any one have any thoughts?
10nis