GTC Biotherapeutics (fka GTCB)

[exwannabe]

Re: Why not RS ASAP?

Because you want as much good news on the wire as possible to avoid the potential vulture attack. If they continue to stall the RS I would assume they have 1 more deal to try and get public.

Dew is correct that NASDAQ does not have to act immediatelty (though they usually do so). They can delay themselves if they see a reason, or the company could request a hearing (which would obviously generate a sufficient delay).

Remeber, NASDAQ does not want to delist companies. It must follw rules but is not an adversary here (think listing fees). As long as the PPS issue has been resolved I doubt they would kick a company out for a minor timeing issue.

That said, I agree with you that they should act sooner than later, UNLESS they think they have one last deal to announce.