GTC Biotherapeutics (fka GTCB)

[biopearl]

Dew, thank you for your thoughts on this. 60% is a good number. One could take it to LV and do well. One more question for the board. How many of us have held stock in a company that actually went bankrupt? I am not suggesting this for GTCB and many very good arguments have been made to the contrary. I have held stocks in companies that did go bankrupt. They "reorganized", people at the top made plenty. The stockholders got nothing and new stock was issued under the same company name with a new chance to buy in. So my question is this. Would a "new" GTCB in this unlikely scenario be committed to honor preexisting agreements e.g. with LEO, LFB etc? If they are why wouldn't bankrupcy be a real option? Essential personell could be kept on and preexisting agreements kept in place, new stock issued and the process starts again with "old" stockholders and GE holding the bag. This did happen to me with Global Crossing and in a slightly differnt way Bank of New England. Like many of us on the board I would like to examine what a worst case scenario looks like since the truth is I would like to buy more stock in GTCB now. So which is more likely and why: life or life after death. I think many of Jesses points could still be applied to a GTCB that has undergone rebirth. Thanks for putting up with this sort of outlandish speculation but a close look at this will help me decide to buy more at what look like bargin prices. Regards, bp