GTC Biotherapeutics (fka GTCB)

[croumagnon]

"Did you mean to say “premium” or “price”?"

Now that you mention it, that was a confusing statement on my part. So, let me restate what I think I think! Based on the table you provided, and taking into account the fact that insiders want to make money on their options, I would now think that the minimum price for a takeover that management would agree to is of the order of $2 per share...

"p.s. I bought near the close."

I think that was a smart move on your part. I thought about doing it also but I did not. My hesitation had more to do with the mess in Georgia/Russia than with GTCB because I fear the situation there could deteriorate and crash the markets on Monday. In fact, I bought some QID (ultrashort exchange fund) at the close just in case. Maybe next week I will buy some more GTCB if the price does not take off like a rocket...