GTC Biotherapeutics (fka GTCB)

[raistthemage]

As far as voting for the Reverse Stock split, I am currently on the fence and could argue both ways...

But only one arguement is good.

On the one hand, it is good to give management the flexibility

I'm against giving the (mis)management ANY flexibility in terms of financing, their MO is well established. If worse comes to worse and they can't dilute anymore then LEO and LFB have to pay rather then letting them go under completely (in which case we'll get bought for at least a dollar by one of them... worst case). Delisting will also keep a lot of their potential dilution partners away, im sure a lot of private equity groups don't do pink sheets.

But really what the rejection will do is force an austerity program, and hopefully Cox will be fired.