>This position is pretty insulting to GTC finance team and Dr. Cox… On the other hand, if this financing were shopped around among several financeers and this was the best shot, that is different.<
If there had been a better deal available to GTC, they would have taken it. The incompetence by management was in putting GTC in the position of seeking funds at an inopportune time.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”