QD.............
To begin with I do understand your (alert's and many other posters) concerns about GTC's dwindling cash and its significant burn rate. At present we have about 120 days until we find out whether the doomsday scenario will play out. It is not my intention to "chivy" anyone, but to state my opinion which I understand runs counter to most others and does not reflect the sentiment of the market.
My opinion is not based on any insider information, but on my own particular way of analysing the situation. I do not agree management "has over promised and underdelivered." Management and the company have accomplished many goals including a regulatory approval of a transgenic drug...the only time its been done. They have strategic and cash paying partnerships with four strong companies. What management can not control is glacial pace the regulatory process proceeds at and the way the market perceives them.
I have never suggested GTC's financial salvation lies in further dilutions. When I disagree with others points of view I have at least read their posts. I do not get the impression either you or "alert" have read mine. I will repeat...
It is natural to be selfish. Being selfish leads us to a singular point of view. Whats in it for me... We do not look at the "big picture" There are several groups involved in the GTC affair. Shareholders, management. GTC employees, and the partners of GTC. Being largely shareholders on this site naturally we tend to look at the situation from our point of view, but stop and think for a moment of the effect on the other groups if GTC goes BK.....See any beneficiaries...not likely....Give the management and more importantly their partners a little credit. They know what GTC's financial situation is too Since the partners are absolutely dependent on GTC's platform.....they are guarenteers by default. It's not likely they will devide the company up...too messy. The easiest thing for them to do is fund GTC with adjustments of future payments..It would be surprising if such agreements were not already in place, and if they were not GTC would be behaving alot differently than they are. The partners would be alot stupider than I think they are. They do have hundreds of millions riding on GTC's continued operations.
These points have been made in my previous posts. I suggest you read them.
