GTC Biotherapeutics (fka GTCB)

[mouton29]

<<You can't invest on *material* insider information, period.>>

Either they are still at the "exchange of term sheet" stage, or they have moved beyond that but have still not signed definitive agreements and someone (their general counsel, perhaps) believes that, say, agreeing on a term sheet is not materially different since it ain't over till the fat lady sings.