Palace Revolt
Well what a difference four days makes,,,then it was "Good job GTCB", now it's "Off with their heads". While most members of this board were spending their time worrying about the P3TLD they were ignoring the far more important subject of the company running out of money. Sitting arround complaing the market did not understand GTCB's business and was not looking six to nine months in the future like they should have been. Well turns out Wall Street understood pretty well what was happening, and it was not the data.
The notion is rampant on this board that GTCB's management is incompetent at best and dishonest at worst. This is silly: the likely scenario is they tried long and hard to negotiate a deal with prob several BPs. The BPs, sensing GTCBs finacial vulnerability, refused to give GTCB a reasonable deal from GTCBs standpoint (ie a high enough percentage of the Atryn profits to allow them to become self sufficient.) I welcome your attempt at trying to give another reasonable explanation. I do not consider "they are stupid"... as qualifying.
So GTCB has been forced into the fallback position which is to gut it out and rely on small dilutions when absolutely neccessary,,,, Capt Dew....what other choice do they have. Personally I would prefer even a couple of more dilutions which are life sustaining to putting the company up for sale,, as you know thay can not borrow and can not run raffles..I have alot of faith in this company and in it's management,,since it is clear from your post you realise the management is not likely to change,,, If you are unhappy with them maybe you should sell now and cut your loses
