GTC Biotherapeutics (fka GTCB)

[St_armands_man]

Why not a loan...?

Why didn't GTCB get a loan

I'm sure GTCB would love to have been able to get a loan. But since they don't have a consistent income stream, or any guaranteed source of funds to pay back a loan, it would never happen (especially in today's lending environment).

Even with equity, part of the reason that the financing announced today wasn't done earlier was that it was contingent upon successful top line results.

The bottom line is that no one's going to put in millions of dollars, even equity dollars, without some assurance of success.