GTC Biotherapeutics (fka GTCB)

[DewDiligence]

Re: Poison pill

You seem to be contradicting yourself because, when it comes to takeover protection, you cannot have it both ways!

If there were no poison pill, there would be less protection against a hostile takeover. When there is a poison pill, there’s a greater risk that the BoD will reject an offer that would be in shareholders’ interests. Whether to have or not have a poison pill is a tradeoff, obviously.

Moreover, you endorse the canard that GTC is effectively controlled by GENZ and, as soon as something good happens in GTC’s business, GENZ will swoop in to reap the rewards.

Inasmuch as GENZ’s equity stake in GTC is only 3.9% fully diluted, I do not understand the popularity of this notion. Regards, Dew