GTC Biotherapeutics (fka GTCB)

[DewDiligence]

>Newberry made the statement to me that they didn't want to let a potential partner feel that it was to their advantage to delay any deals. If a potential partner felt that the delay would drive GTCB's cash position into one of desperation, they'd delay as long as possible hoping to put themselves into a better negotiating position.<

With all due respect to Mr. Newberry (who is a good IR man, IMO), I interpret the above as propaganda. Newberry is saying this because he knows it’s the kind of story that will convince people who read message boards.